1. Grand River Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process follow: Units Completion with Respect to Materials Completion with Respect to Conversion Work in process inventory, November 1 108,000 50 % 25 % Work in process inventory, November 30 62,000 45 % 20 % Materials cost in work in process inventory, November 1 $ 129,600 Conversion cost in work in process inventory, November 1 $ 69,120 Units started into production 537,000 Units transferred to the next process 583,000 Materials cost added during November $ 847,840 Conversion cost added during November $ 490,556 Required: 1. Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for November for the first process. 2. Compute the costs per equivalent unit for November for the first proces 3. Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in November. (Round intermediate calculations to 2 decimal places.)

2.

United Claim Processors provides claims processing services for major insurance companies. The Winnipeg location processes all health benefit claims for various insurance benefit providers. Claims are received electronically or by mail in the Initial Review Department. Employees in this department sort claims into simple and complex categories and note any missing documentation that may be required. Simple claims are then passed on to the Processing Department where skilled claims processors match information from the claim with each individuals accounts in the database and then estimate the value of the benefit payment to be paid. Complex claims go to a separate processing centre for further examination. The next stage in the simple claims process is the Approval and Payment Department, where final approvals and payments to claimants are initiated and completed.

During March, the Initial Review Department transferred 5,610.50 simple claims to the Processing Department. At the end of March, 1,200 claims remained in the Initial Review Department that were 60% complete with respect to conversion. The cost per equivalent unit for the month was $2.60 per claim processed, and total costs incurred in the Initial Review Department during the month totalled $16,460. (Note that there are only conversion costs in this process; no raw materials are added at any point.)

Required:

Prepare the cost reconciliation portion of the Initial Review Departments production report for March. (Do not round intermediate calculation. Round your answers to 2 decimal places.)

	Total Cost	Conversion EU
Cost accounted for as follow:
Transferred to Processing Dept:
Work in process, March 31:
Conversion
Total cost accounted for

3.

Lenning Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for August.

		Percent Complete
	Units	Materials		Conversion
Work in process, August 1	650	40	%	30	%
Units started into production during August	8,900
Units completed during August and transferred to the next department	7,900
Work in process, August 31	1,650	60	%	20	%

Required:

Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the FIFO method.

	Materials	Conversion
Equivalent units of production

4.

Easy Inc. uses the FIFO method in its process costing system. The following data concern the operations of the companys first processing department for a recent month.

Work in process, beginning:
Units in process		650
Percent complete with respect to materials		90	%
Percent complete with respect to conversion		10	%
Costs in the beginning inventory:
Materials cost	$	1,790
Conversion cost	$	1,382
Units started into production during the month		23,100
Units completed and transferred out		23,200
Costs added to production during the month:
Materials cost	$	71,071
Conversion cost	$	542,698
Work in process, ending:
Units in process		550
Percent complete with respect to materials		70	%
Percent complete with respect to conversion		70	%

Required:

Using the FIFO method:

a. Determine the equivalent units of production for materials and conversion costs.

b. Determine the cost per equivalent unit for materials and conversion costs.

c. Determine the cost of ending work in process inventory.

d. Determine the cost of units transferred out of the department during the month.

Complete this question by entering your answers in the tabs below.

Req A and B

Req C and D

a. Determine the equivalent units of production for materials and conversion costs.

b. Determine the cost per equivalent unit for materials and conversion costs. (Round your answers to 2 decimal places.)

		Materials	Conversion
a.	Equivalent units of production
b.	Cost per equivalent unit

Complete this question by entering your answers in the tabs below.

Req A and B

Req C and D

c. Determine the cost of ending work in process inventory.

d. Determine the cost of units transferred out of the department during the month.

(Round "Cost per equivalent unit" to 2 decimal places.

c.	Cost of ending work
d.	Cost of units transferred out