1) Equivalent Units of Materials Cost

The Rolling Department of Oak Ridge Steel Company had 2,200 tons in beginning work in process inventory (70% complete) on July 1. During July, 36,900 tons were completed. The ending work in process inventory on July 31 was 1,800 tons (60% complete).

What are the total equivalent units for direct materials for July if materials are added at the beginning of the process?

___________units

2) Equivalent Units of Conversion Costs

The Rolling Department of Oak Ridge Steel Company had 4,188 tons in beginning work in process inventory (40% complete) on July 1. During July, 69,800 tons were completed. The ending work in process inventory on July 31 was 5,584 tons (10% complete).

What are the total equivalent units for conversion costs? Round to the nearest whole unit.

_________units

3) Cost per Equivalent Unit

The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $450,000. The conversion cost for the period in the Rolling Department is $288,300. The total equivalent units for direct materials and conversion are 2,500 tons and 4,650 tons, respectively.

Determine the direct materials and conversion costs per equivalent unit.

Direct materials cost per equivalent unit:$___per ton

Conversion cost per equivalent unit:$____per ton

4) The cost accountant for Kenner Beverage Co. estimated that total factory overhead cost for the Blending Department for the coming fiscal year beginning May 1 would be $130,000, and total direct labor costs would be $100,000. During May, the actual direct labor cost totaled $13,000, and factory overhead cost incurred totaled $17,350.

Required:

a.What is the predetermined factory overhead rate based on direct labor cost?

b.Journalize the entry to apply factory overhead to production for May 31. Refer to the Chart of Accounts for exact wording of account titles.

c.What is the May 31 balance of the account Factory Overhead-Blending Department?

d.Does the balance in part (c) represent over- or underapplied factory overhead?

5) Equivalent Units of Production

The Converting Department of Hopkinsville Company had 720 units in work in process at the beginning of the period, which were 60% complete. During the period, 15,200 units were completed and transferred to the Packing Department. There were 800 units in process at the end of the period, which were 30% complete. Direct materials are placed into the process at the beginning of production.

Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".

Hopkinsville Company

Number of Equivalent Units of Production

Whole Units Direct Materials Equivalent Units Conversion Equivalent Units

Inventory in process, beginning

Started and completed

Transferred to Packing Department

Inventory in process, ending

Total