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. Al direct materials are placed in process at the beginning of production Work in Process - Assembly Department Bal, 8,000 units, 50% completed 26,000 To Finished Goods, 184,000 units Direct materials, 188,000 units 244,400 Direct labor 555,200 Factory overhead 215,920 Bal. units, 30% completed Cost per equivalent units of 1.30 for Direct Materials and $4.20 for Conversion costs a. Based on the above data, determine the different costs listed below If required, round your interim calculations to two decimal places 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 process inventory, rounded to the nearest cont. b. Did the production couts change from the preceding period? lll. 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? Check My Work more Check My Works remaining Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $81,420 of direct materials ACCOUNT Work in Process-Forging Department ACCOUNT NO. Date Item Balance Debit Credit Debit Credit Nov 734,400 1 Bal, 5.900 units, 60% completed 30 Direct materials, 54,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, 2 units 30 Bal., 4,700 units, 60% completed 89,916 824,316 881,516 960,516 57,200 79,000 2 2 Cost per equivalent units of $13.60 for Direct Materials and $2.50 for Conversion Costs Based on the above data, determine each of the following amounts If required, round your interim calculations to two decimal places. Round final answers (ac) to the nearest dollar a. Cost of beginning work in process inventory completed in November b. Cost of units transferred to the next department during November c. Cost of ending work in process inventory on November 30, Check My Workmore Check My Work uses remaining Previous Next Cost per equivalent units of $13.60 for Direct Materials and $2.50 for Conversion Costs. Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers (ac) to the nearest dollar a. Cost of beginning work in process inventory completed in November, b. Cost of units transferred to the next department during November C. Cost of ending work in process inventory on November 30. d. Costs per equivalent unit of direct materials and conversion included in the November 1 beginning work in process. It required, round your answers to two decimal places Direct materials cost per equivalent unit Conversion cost per equivalent unit e. The November increase or decrease in costs per equivalent unit for direct materials and conversion from the previous month. It required, round your answers to two decimal places Increase or Decrease Change in direct materials cont per equivalent unit Change in conversion cost per equivalent unit Amount Check My Work more Check My Work unos remaining Previous Next