Beginning goods in process inventory (March 31)

Units of product 30,000 units

Percentage of completion Direct materials 100%

Percentage of completion Direct labor 65%

Direct materials costs $4,300

Direct labor costs $ 700

Factory overhead costs applied $ 920

Activities during the current period (April)

Units started this period 90,000 units

Units transferred out (completed) 100,000 units

Direct materials costs $ 12,900

Direct labor costs $ 6,700

Factory overhead costs applied $ 7,680

Ending goods in process inventory (April 30)

Units of product 20,000

Percentage of completion Direct materials 100%

Percentage of completion Direct labor 25%

Process Cost Summary

Weighted Average

Cost Charged to Production

Costs of beginning goods in process

Direct Materials

Direct Labor

Factory Overhead

Costs incurred this period

Direct materials

Direct Labor

Factory Overhead

Total costs to account for

Unit Cost Information

Units to accounts for: Units accounted for:

Beginning goods in process Completed and transferred out

Units started this period Ending goods in process

Total units to account for Total units accounted for

Direct Direct Factory

Equivalents Units of Production (EUP) Materials Labor Overhead

Units completed and transferred out

Units of ending goods in process

Direct materials

Direct labor

Factory overhead

Equivalent units of production

Direct Direct Factory

Cost per EUP Materials Labor Overhead

Costs of beginning goods in process

Costs incurred this period

Total costs

/EUP

Cost per EUP

Cost Assignment and Reconciliation

Costs transferred out (COGM)

Direct materials

Direct labor

Factory overhead

Costs of ending goods in process

Direct materials

Direct labor

Factory overhead

Total costs accounted for

1. What is the equivalent units of production for direct materials?

2. What is the equivalent units of production for direct labor?

3. What is the equivalent units of production for factory overhead?

4. What is the cost per equivalent unit of production (4 decimals) for direct materials?

5. What is the cost per equivalent unit of production (4 decimals) for direct labor?

6. What is the cost per equivalent unit of production for factory overhead?

7. What is the cost of goods manufactured?

8. What is the cost of ending goods in process?