Dama Company produces women's blouses and uses the FIFO method to account for its manufacturing costs. The product Dama makes passes through two processes: Cutting and Sewing. During April, Dama's controller prepared the following equivalent units schedule for the Cutting Department:

		Direct Materials				Conversion Costs
Units started and completed			45,000				45,000
Units, beginning work in process:
16,000 0%
16,000 50%							8,000
Units, ending work in process:
20,000 100%			20,000
20,000 25%							5,000
Equivalent units of output			65,000				58,000

Costs in beginning work in process were direct materials, $25,000; conversion costs, $70,000. Manufacturing costs incurred during April were direct materials, $260,000; conversion costs, $371,200.

Required:

Question Content Area

1. Prepare a physical flow schedule for April.

blank Dama Company Physical Flow Schedule

Units to account for:
Units, beginning work in process	16,000
Units started	65,000
Total units to account for	81,000
Units accounted for:
Started and completed	45,000
Units, beginning work in process	15,000
Units, ending work in process	20,000
Total units accounted for	81,000

2. Compute the cost per equivalent unit for April. If required, round your answer to the nearest cent. $10.4 per equivalent unit

3. Determine the cost of ending work in process and the cost of goods transferred out.

Cost of ending work in process $

Cost of goods transferred out $614,200

4. Prepare the journal entry that transfers the costs from Cutting to Sewing.