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 ProcessAssembly Department Bal , 2,000 units, 70 completed 5,400 To Finished Goods, 46,000 units Direct materials, 47,000 units $1 3 61,100 Direct labor 70,600 Factory overhead 27,470 Bal units, 70 completed Cost per equivalent units of $1 30 for Direct Materials and $2 10 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 cent $ Cost per Equivalent Unit 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 $35,100 of direct materials ACCOUNT Work in ProcessForging Department ACCOUNT NO Date Item Debit Credit Balance Debit Credit Nov 1 Bal , 3,900 units, 50 completed 42,120 30 Direct materials, 35,000 units 308,000 350,120 30 Direct labor 56,940 407,060 30 Factory overhead 78,628 485,688 30 Goods finished, units 30 Bal , 3,100 units, 90 completed a Determine the number of units transferred to the next department units b Determine the costs per equivalent unit of direct materials and conversion If required, round your answer to two decimal places Cost per equivalent unit of direct materials $ Cost per equivalent unit of conversion $ c Determine the cost of units started and completed in November $

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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.

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 ProcessAssembly Department
Bal., 2,000 units, 70% completed	5,400	To Finished Goods, 46,000 units	?
Direct materials, 47,000 units @ $1.3	61,100
Direct labor	70,600
Factory overhead	27,470
Bal. ? units, 70% completed	?

Cost per equivalent units of $1.30 for Direct Materials and $2.10 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 cent.	$

Cost per Equivalent Unit

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 $35,100 of direct materials.

ACCOUNT Work in ProcessForging Department					ACCOUNT NO.
Date		Item	Debit	Credit	Balance
Date		Item	Debit	Credit	Debit	Credit
Nov.	1	Bal., 3,900 units, 50% completed			42,120
	30	Direct materials, 35,000 units	308,000		350,120
	30	Direct labor	56,940		407,060
	30	Factory overhead	78,628	?	485,688
	30	Goods finished, ? units			?
	30	Bal., 3,100 units, 90% completed			?