Cost of Units Completed and in Process

The charges to Work in ProcessAssembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.

Work in Process-Assembly Department

Transaction	Debit amount	Transaction	Credit amount
Bal., 5,000 units, 30% completed	13,850	To Finished Goods, 115,000 units	?
Direct materials, 118,000 units @ $1.6	188,800
Direct labor	348,100
Factory overhead	135,320
Bal., ? units, 20% completed	?

Cost per equivalent units of $1.60 for Direct Materials and $4.20 for Conversion Costs.

a. Based on the above data, determine the different costs listed below.

Line Item Description	Amount
1. Cost of beginning work in process inventory completed this period	28,550
2. Cost of units transferred to finished goods during the period	fill in the blank 2 of 4$
3. Cost of ending work in process inventory	fill in the blank 3 of 4$
4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.)	5.71

b. Did the production costs change from the preceding period?

NoYesYes

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?