Data Section: Percent Conversion 40% HINT: Work in process, beginning Units completed during the months Work in process, ending Units 60,000 210,000 30,000 70% Formulas in RED will be in units Forumlas in BLUE will percentages Formulas in GREEN will be in dollars Costs to account for: Total To find started and completed: Completed units - beginning inventory Started during the month - ending inventory Beginning work in process Materials added Conversion costs incurred $ $ $ 94,800 151,200 600,300 Total costs to be accounted for FORMULA 1 Cost assignment Conversion % Direct Mat. Added During Conversion Beginning Equiv. Units the Month Equiv. Units Inventory Direct Materials Conversion FORMULA 8 FORMULA 12 FORMULA 15 FORMULA 19 FORMULA 22 FORMULA 25 FORMULA 9 FORMULA 13 FORMULA 16 FORMULA 20 FORMULA 23 FORMULA 26 FORMULA 10 FORMULA 14 FORMULA 17 FORMULA 21 FORMULA 24 FORMULA 27 $0 $0 $0 Total Direct Mat. % Added During the Whole Units Month FORMULA 2 FORMULA 5 FORMULA 3 FORMULA 6 FORMULA 3 FORMULA 7 Beg. Work in process Started & Completed Ending Work in process Total $0 $0 $0 $0 Direct Mat. Conversion FORMULA 18 Cost per equivalent unit FORMULA 11 Amount reported on the balance sheet as: Finished goods inventory FORMULA 28 Work in Process inventory FORMULA 29