1) Equivalent Units of Production: Average Cost Method

The Converting Department of Osaka Napkin Company uses the average cost method and had 2,700 units in work in process that were 80% finished at the beginning of the period. During the period, 34,000 units were completed and transferred to the Packing Department. There were 1,500 units in process that were 30% finished at the end of the period.

a.Determine the number ofwhole unitsto be accounted for and to be assigned costs for the period.

b.Determine the number of equivalent units of production for the period.

2)Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows:

Drawing Department Winding Department

Work in process, July 1 500 units, 50% completed 350 units, 30% completed

Completed and transferred to next processing department

during July 11,400 units 10,950 units

Work in process, July 31 700 units, 55% completed 800 units, 25% completed

Each department uses the average cost method.

a.Determine the number ofwhole unitsto be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department.

Whole units

units Equivalent units of production

b.Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.

Whole units

units Equivalent units of production

3) Units of production data for the two departments of Continental Cable and Wire Company for May of the current fiscal year are as follows:

Drawing Department Winding Department

Work in process, May 1 1,100 units, 55% completed 350 units, 25% completed

Completed and transferred to next processing department during May

17,600 units 17,150 units

Work in process, May 31 800 units, 65% completed 600 units, 35% completed

Each department uses the average cost method.

a.Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department.

Whole units

Equivalent units of production units

b.Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.

Whole units

Equivalent units of production

4)The charges to Work in ProcessBaking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production.

Work in ProcessBaking DepartmentBal.,

900 units, 40% completed 2,466 To Finished Goods, 8,100 units

Direct materials, 8,400 units 34,500

Direct labor 16,200

Factory overhead 8,574

Bal., 1,200 units, 60% completed?

a.Determine the number ofwhole unitsto be accounted for and to be assigned costs.

?units

b.Determine the number of equivalent units of production.

? units

c.Determine thecost per equivalent unit.

$ per equivalent unit

d.Determine the cost of units transferred to Finished Goods.

$

e.Determine the cost of units in ending Work in Process.

$

5)The charges to Work in ProcessBaking Department for a period as well as information concerning production are as follows. The Baking Department uses the average cost method, and all direct materials are placed in process during production.

Work in ProcessBaking Department

Bal., 3,100 units, 30% completed 6,758 To Finished Goods, 22,300 units?

Direct materials, 22,600 units 72,094

Direct labor 39,175

Factory overhead 20,181

Bal., 3,400 units, 70% completed ?

If required, round cost per equivalent unit answer to two decimal places.

a.Determine the number ofwhole unitsto be accounted for and to be assigned costs.

? units

b.Determine the number of equivalent units of production.

? units

c.Determine thecost per equivalent unit.

$ per equivalent unit

d.Determine the cost of the units transferred to Finished Goods.

$

e.Determine the cost of units in ending Work in Process.

$

6)

Cost of Production Report: Average Cost Method

The increases to Work in ProcessRoasting Department for Highlands Coffee Company for May 2016 as well as information concerning production are as follows:

Work in process, May 1, 1,150 pounds, 40% completed $1,700

Coffee beans added during May, 10,900 pounds 28,600

Conversion costs during May 12,504

Work in process, May 31, 800 pounds, 80%

completed Goods finished during May, 11,250 pounds

make a cost of production report, using the average cost method. If required, round cost per equivalent unit answers to the nearest cent.

Highlands Coffee Company

Cost of Production Report-Roasting Department

For the Month Ended May 31, 2016

Unit Information

Units to account for during production:

Inventory in process, May 1

Received from materials storeroom

Total units accounted for by the Roasting Department

Units to be assigned costs:

Whole Units Equivalent Units of Production

Transferred to finished goods in May

Inventory in process, May 31

Total units to be assigned costs

Cost Information

Costs per equivalent unit:

Costs

Total costs for May in Roasting Department $

Total equivalent units

Cost per equivalent unit $

Costs assigned to production:

Inventory in process, May 1 $

Costs incurred in May

Total costs accounted for by the Roasting Department $

Costs allocated to completed and partially completed units:

Transferred to finished goods in May $

Inventory in process, May 31

Total costs assigned by the Roasting Department $

7)Cost of Production Report: Average Cost Method

Use the average cost method with the following data:

Work in process, January 1, 3,400 units, 75% completed $ 23,000

Materials added during January from Weaving Department, 64,000 units 366,200

Direct labor for January 105,100

Factory overhead for January 80,710

Goods finished during January (includes goods in process, January 1), 63,500 units

Work in process, January 31, 3,900 units, 10% completed

make a cost of production report for the Cutting Department of Dalton Carpet Company for January 2016 using the average cost method. If required, round your cost per equivalent unit answer to the nearest cent.

Dalton Carpet Company

Cost of Production Report-Cutting Department

For the Month Ended January 31, 2016

Unit Information

Units charged to production:

Inventory in process, January 1 ?

Received from Weaving Department ?

Total units accounted for by the Cutting ?

Units to be assigned costs:

Whole Units / Equivalent Units of Production

Transferred to finished goods in January ? ?

Inventory in process, January 31 ? ?

Total units to be assigned costs ? ?

Cost Information

Costs per equivalent unit:

Costs

Total costs for January in Cutting Department $

Total equivalent ?

Cost per equivalent unit $

Costs assigned to production:

Inventory in process, January 1 $

Costs incurred in January ?

Total costs accounted for by the Cutting Department $

Costs allocated to completed and partially completed units:

Transferred to finished goods in January $

Inventory in process, January 3 ?

Total costs assigned by the Cutting Department $