1) The Rolling Department of Oak Ridge Steel Company had 4,800 tons in beginning work in process inventory (60% complete) on July 1. During July, 80,400 tons were completed. The ending work in process inventory on July 31 was 4,000 tons (40% complete). What are the total equivalent units for direct materials for July if materials are added at the beginning of the process? ________ units

 

2)The Rolling Department of Oak Ridge Steel Company had 4,494 tons in beginning work in process inventory (90% complete) on July 1. During July, 74,900 tons were completed. The ending work in process inventory on July 31 was 6,741 tons (10% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit. ________units

 

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The costs per equivalent unit ot direct materials and conversion in the Rolling Department ot Oak Ridge Steel Company are $2.00 and $1.60, respectively.The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials ConversionInventory in process, July 1 0 2,500Started and completed during July 50,000 50,000Transferred out of Rolling (completed) 50,000 52,500Inventory in process, July 31 3,000 1,500Total units to be assigned costs 53,000 54,000 The beginning work in process inventory on July 1 had a cost of $1,480. Determine the cost of completed and transferred-out production, the ending workin process inventory, and the total costs assigned by the Rolling Department. Completed and transferred-out production $EInventory in process, ending $E Total costs assigned by the Rolling Department $: The charges to Work in Process—Assembly Department for a period, together with information concerning production, are as follows. all direct materialsare placed in process at the beginning of production. Work in Process—Assembly Department Bal., 1,600 units, 33% complated 17,440 To Finished Goods, 29,600 units ?Direct materials, 29,000 units @ 275,500 £9.50 Direct labor £4,600 Factory overhead 39,258 Bal. ? units, 45% completed ? Determine the following: a. The number of units in work in process inventory at the end of the period. I:I units b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".Work in Process-Assembly DepartmentEquivalent Units of Production for Direct Materials and Conversion CostsWhole UnitsEquivalent Units Equivalent UnitsDirect MaterialsConversionInventory in process, beginningStarted and completedTransferred to finished goodsInventory in process, endingTotal units c. Costs per equivalent unit for direct materials and conversion. Costs Per Equivalent Unit Direct Materials $S X d. Cost of the units started and completed during the period. o ]