Book Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Bal., 4,000 units, 65% completed Direct materials, 94,000 units $1.3 Direct labor Factory overhead Bal, 2 units, 35% completed Work in Process-Assembly Department 14,300 To Finished Goods, 92,000 units 122,200 250,300 97,400 Cost per equivalent units of $1.30 for Direct Materials and $3.80 for Conversion Costs. a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period 3. Cost of ending work in process inventory 4. Cost per unit of the completed beginning work in precess inventory (Rounded to the nearest cent.) b. Did the production costs change from the preceding period? Yes 0000 c. Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain the same for the current period? Increase Preview Jus Next eBook Cost of Production Report: Weighted Average Method The increases to Work in Process-Roasting Department for Highlands Coffee Company for May as well as information concerning production are as follows: Work in process, May 1, 1,150 pounds, 40% completed Coffee beans added during May, 10,900 pounds Conversion costs during May $1,700 28,600 12,504 Work in process, May 31, 800 pounds, 80% completed Goods finished during May, 11,250 pounds Prepare a cost of production report for May, using the Weighted average method. Assume that direct materials are placed in process during production. If required, round cost per equivalent unit answers to the nearest cent. Highlands Coffee Company Cost of Production Report-Roasting Department For the Month Ended May 31 Units charged to production: Units Inventory in process, May 1 Received from materials storeroom Total units accounted for by the Roasting Department Units to be assigned costs: Transferred to finished goods in May Inventory in process, May 31, Total units to be assigned costs. Equivalent Units Whole Units of Production Must Costs Cost per equivalent unit: Total costs for May in Roasting Department Total equivalent units Cost per equivalent unit Costs assigned to production: Inventory in process, May 1 Costs incurred in May Total costs accounted for by the Roasting Department Costs allocated to completed and partially completed units: Transferred to finished goods in May Inventory in process, May 31 Total costs assigned by the Roasting Department Costs 000000000