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1) In May, 175,000 units were finished and transferred to finished goods. Ending Work in Process for May included 60,000 unfinished units 25% complete with

1) In May, 175,000 units were finished and transferred to finished goods. Ending Work in Process for May included 60,000 unfinished units 25% complete with respect to Conversion Costs.

Calculate the Conversion Cost equivalent units of production for May.

2) ollowing is a mostly complete Cost of Goods Manufactured schedule.

Work-in-Progress (1/1)

$175,000

Direct Materials

Raw Materials Inventory (1/1)

$ ? (a)

Add: Raw Materials Purchases

186,000

Total Raw Materials Available

$ ? (b)

Less: Raw Materials Inventory (12/31)

15,000

Direct Materials Used

$180,000

Direct Labor

$ ? (c)

Manufacturing Overhead

Indirect Labor

28,000

Factory Depreciation

31,000

Factory Utilities

52,000

Total Manufacturing Overhead

111,000

Total Manufacturing Costs

$ ? (d)

Total Cost of Work-in-Progress

$ ? (e)

Less: Work-in-Progress (12/31)

81,000

Cost of Goods Manufactured

$635,000

Complete the above schedule by indicating the correct values for items "a", "b", "c", "d" and "e" with explanation, please.

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