4) At the start of June, the Polishing Department of John's Counters, Inc. had 15,000 units in beginning inventory that were 100% complete with respect to direct materials and conversion costs. During the month, it received 25,000 units from the Machining Department. It started and completed 17,000 units and transferred 32,000 units to the Packaging Department. It had 8,000 units in ending Work-in-Process Inventory. Direct materials are added at the beginning of the process. Units in beginning Work-in-Process Inventory were 50% complete in respect to conversion costs. Units in ending Work-in-Process Inventory were 40% complete with respect to conversion costs.

Please complete the below production cost report for the Polishing Department for the equivalent units of production for the month of June. Use the FIFO method.

Answer:

John's Counters, Inc.

Production Cost ReportPolishing DepartmentFIFO MethodWhole Units

Month Ended June 30

Equivalent Units for Current Period

Whole Trans- Direct Conversion

Units ferred In Materials Costs

Units to account for:

Beginning WIP X

Started in production X

Total units to account for X

Units accounted for:

Beginning WIP X X X X

Started and completed X X X X

Transferred to Packaging Dept X X X X

Ending WIP X X X X

Total units accounted for X X X X