Cost of Units Transferred Out and Ending Work in Process

The costs per equivalent unit of direct materials and conversion in the Filling Department of Eve Cosmetics Company are $0.80 and $2.85, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units
	Direct Materials		Conversion
Inventory in process, beginning of period	0		2,900
Started and completed during the period	49,000		49,000
Transferred out of Filling (completed)	49,000		51,900
Inventory in process, end of period	4,000		2,400
Total units to be assigned costs	53,000		54,300

The beginning work in process inventory had a cost of $1,910. Determine the cost of completed and transferred-out production and the ending work in process inventory. If required, round to the nearest dollar.

Completed and transferred-out production	$fill in the blank 1
Inventory in process, ending	$fill in the blank 2

2.

Equivalent Units of Conversion Costs

The Filling Department of Eve Cosmetics Company had 8,500 ounces in beginning work in process inventory (80% complete). During the period, 61,000 ounces were completed. The ending work in process inventory was 3,100 ounces (30% complete).

What are the total equivalent units for conversion costs?

If required, round to the nearest unit.

fill in the blank 1 units

3.

Equivalent Units of Materials Cost

The Filling Department of Eve Cosmetics Company had 4,000 ounces in beginning work in process inventory (60% complete). During the period, 66,400 ounces were completed. The ending work in process inventory was 3,300 ounces (60% complete).

What are the total equivalent units for direct materials if materials are added at the beginning of the process? fill in the blank 1 units

4.

Units to be Assigned Costs

Eve Cosmetics Company consists of two departments, Blending and Filling. The Filling Department received 66,100 ounces from the Blending Department. During the period, the Filling Department completed 69,800 ounces, including 8,300 ounces of work in process at the beginning of the period. The ending work in process inventory was 4,600 ounces.

How many ounces were started and completed during the period? fill in the blank 1 ounces

5.

The cost of materials transferred into the Filling Department of Eve Cosmetics Company is $19,250, including $4,000 from the Blending Department and $15,250 from the materials storeroom. The conversion cost for the period in the Filling Department is $6,320 ($1,520 factory overhead applied and $4,800 direct labor). The total cost transferred to Finished Goods for the period was $24,930. The Filling Department had a beginning inventory of $2,700.

Required:

A.

(1)	On June 30, journalize the cost of transferred-in materials.*
(2)	On June 30, journalize the conversion costs.*
(3)	On June 30, journalize the costs transferred out to Finished Goods.*
	*Refer to the Chart of Accounts for exact wording of account titles.

B.

Determine the balance of Work in Process-Filling at the end of the period.

A(1). On June 30, journalize the cost of transferred-in materials. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3

A(2). On June 30, journalize the conversion costs. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2
3

A(3). On June 30, journalize the costs transferred out to Finished Goods. Refer to the Chart of Accounts for exact wording of account titles.

PAGE 10

JOURNAL

ACCOUNTING EQUATION

	DATE	DESCRIPTION	POST. REF.	DEBIT	CREDIT	ASSETS	LIABILITIES	EQUITY
1
2

B. Determine the balance of Work in Process-Filling at the end of the period.

Please Answer all parts!