29- Semiconductors experienced the following activity in its Photolithography Department during December. Materials are added at the beginning of the photolithography process.
-Please find the Three Requirements down in the attached two Pictures.
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Requirement 1. Summarize flow of physical units, and compute total equivalent units using the weighted-average method for three cost categories: transferred-in, direct materials, and conversion costs. Wilkman Semiconductors Photolithography Department Flow of Physical Units and Computation of Equivalent Units Flow of Equivalent Units - X Physical Transferred- Direct Conversion i Data Table Flow of Production Units in Materials Costs Units to account for Units: Work in process, December 1 (809% of the way through the process) . . . . . . .. . 9,000 units Transferred-in from the Polishing and Cutting Department during December . . . 23,000 units Completed during December - . . . . . . . . ... ? units Units accounted for. Work in process, December 31 (70% of the way through the process) . . . . . . . 2,000 units Costs: Work in process, December 1 (transferred-in costs, $1,600; direct materials costs. $20,450; and conversion costs, $37,890) 59.940 Transferred in from the Polishing and Cutting Department during December 97.600 Total equivalent units Direct materials added during December 53.150 Requirement 2. Summarize total costs to account for, and compute the cost per equivalent unit for each cost category. (Round the cost per equivalent unit to the nearest cent.) Conversion costs added during December - . . . . . . . . . . . . . . . .. . 90.850 Wilkman Semiconductors Photolithography Department Prin Done Cost per Equivalent Unit Transferred- Direct Conversion in Materials Costs Total Cost per equivalent unit Requirement 3. Assign total costs to units completed and transferred to Finished Goods Inventory and units in December 31 Work in Process Inventory. (Enter quantities first and then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Round your answers to the nearest whole dollar.)Requirement 3. Assign total costs to units completed and transferred to Finished Goods Inventory and units in December 31 Work in Process Inventory. (Enter quantities first and then the cost per equivalent unit amounts in the same order as calculated in the preceding step. Round your answers to the nearest whole dollar.) Wilkman Semiconductors i Data Table X Photolithography Department Assignment of Costs Units: Transferred- Direct Conversion Total in Costs Costs Work in process, December 1 (80% of the way through the process) . . . . .. 9,000 units Materials Transferred-in from the Polishing and Cutting Department during December . . . 23,000 units Assignment of total costs: Completed during December . . . . . . units x ( + + Work in process, December 31 (70% of the way through the process) . . . . . . . 2,000 units Costs: X Work in process, December 1 (transferred-in costs, $1,600; direct materials costs, $20,450; and conversion costs, $37,890) $5 Transferred in from the Polishing and Cutting Department during December . . . 97,600 Direct materials added during December . . . . . . 53,150 Total cost accounted for Conversion costs added during December 90,850
