Equivalent Units of Materials Cost

1.The Rolling Department of Kraus Steel Company had 3,400 tons in beginning work in process inventory (20% complete) on October 1. During October, 56,900 tons were completed. The ending work in process inventory on October 31 was 2,800 tons (90% complete).

What are the total equivalent units for direct materials for October if materials are added at the beginning of the process? ___________ units

Equivalent Units of Conversion Costs

2.The Rolling Department of Kraus Steel Company had 4,626 tons in beginning work in process inventory (50% complete) on October 1. During October, 51,400 tons were completed. The ending work in process inventory on October 31 was 3,598 tons (60% complete).

What are the total equivalent units for conversion costs? Round to the nearest whole unit. ______________ units

Cost of Units Transferred Out and Ending Work in Process

3.

The costs per equivalent unit of direct materials and conversion in the Rolling Department of Kraus Steel Company are $0.35 and $0.50, respectively. The equivalent units to be assigned costs are as follows:

	Equivalent Units
	Direct Materials		Conversion
Inventory in process, October 1	0		2,800
Started and completed during October	40,000		40,000
Transferred out of Rolling (completed)	40,000		42,800
Inventory in process, October 31	4,000		2,000
Total units to be assigned costs	44,000		44,800

The beginning work in process inventory on October 1 had a cost of $1,650. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department.

Completed and transferred-out production	$
Inventory in process, October 31	$
Total costs assigned by the Rolling Department	$