Equivalent Units of Production and Related Costs The charges to Work in Process-Assembly 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 Process-Assembly Department Bal., 4,000 units, 45% completed 10,760 To Finished Goods, 92,000 units Direct materials, 94,000 units @ $1.7 159,800 Direct labor 158,500 Factory overhead 61,580 Bal. 2 units, 25% completed Determine the following: a. The number of units in work in process inventory at the end of the period. 1 units b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0". Work in Process-Assembly Department Equivalent Units of Production for Direct Materials and Conversion Costs Whole Units Equivalent Units Equivalent Units Direct Materials Conversion Inventory in process, beginning Started and completed Transferred to finished goods Inventory in process, ending Total units C. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent. Costs Per Equivalent Unit Direct $ Materials Conversion d. Cost of the units started and completed during the period. $ The following information concerns production in the Baking Department for March. All direct materials are placed in process at the beginning of production. ACCOUNT Work in Process-Baking Department ACCOUNT NO. Balance Date Item Debit Credit Debit Credit March 1 Bal., 5,700 units, 4/5 completed 22,800 31 Direct materials, 102,600 units 205,200 228,000 31 Direct labor 58,790 286,790 31 Factory overhead 33,064 319,854 31 Goods finished, 104,100 units 309,186 10,668 31 Bal.? units, 3/5 completed 10,668 a. Determine the number of units in work in process inventory at March 31. units b. Determine the equivalent units of production for direct materials and conversion costs in March. If an amount is zero, enter in "o". Baking Department Equivalent Units of Production for Direct Materials and Conversion Costs For March Whole Units Direct Materials Equivalent Units com Conversion Equivalent Units Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total Cost of Production and Journal Entries AccuBlade Castings Inc. casts blades for turbine engines. Within the Casting Department, alloy is first melted in a crucible, then poured into molds to produce the castings. On May 1, there were 700 pounds of alloy in process, which were 70% complete as to conversion. The Work in Process balance for these 700 pounds was $110,390, determined as follows: $ 105,000 Direct materials (700 x $150) Conversion (700 x 70% x $11) 5,390 $110,390 During May, the Casting Department was charged $963,600 for 6,600 pounds of alloy and $26,440 for direct labor. Factory overhead is applied to the department at a rate of 150% of direct labor. The department transferred out 6,800 pounds of finished castings to the Machining Department. The May 31 inventory in process was 60% complete as to conversion. al. Prepare the May journal entry for the Casting Department for the materials charged to production. Work in Process-Casting Department Materials-Alloy a2. Prepare the May journal entry for the Casting Department for the conversion costs charged to production. If an amount box does not require an entry, leave it blank. Work in Process-Casting Department Wages Payable Factory Overhead-Casting Department a3. Prepare the May journal entry for the Casting Department for the completed production transferred to the Machining Department. Work in Process-Machining Department Work in Process-Casting Department b. Determine the Work in Process-Casting Department May 31 balance. C. Compute the change in the costs per equivalent unit for direct materials and conversion from the previous month (April). Cost per Equivalent Unit Change in materials Decrease $ Change in conversion Decrease