Equivalent Units of Production and Related Costs

The charges to Work in ProcessAssembly 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 DepartmentBal., 6,000 units, 30% completed15,060To Finished Goods, 138,000 units?Direct materials, 141,000 units @ $1.70239,700Direct labor298,500Factory overhead116,055Bal., ? units, 75% completed?

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Determine the following:

a. The number of units in work in process inventory at the end of the period. fill in the blank

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Units in ending work in process represent units that have been started in the department but have not been completed, and therefore have not been transferred out to finished goods.

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b. Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in "0".

Whole UnitsEquivalent Units Direct MaterialsEquivalent Units ConversionInventory in process, beginningfill in the blank 060c56fff00dfd8_1fill in the blank 060c56fff00dfd8_2fill in the blank 060c56fff00dfd8_3Started and completedfill in the blank 060c56fff00dfd8_4fill in the blank 060c56fff00dfd8_5fill in the blank 060c56fff00dfd8_6Transferred to finished goodsfill in the blank 060c56fff00dfd8_7fill in the blank 060c56fff00dfd8_8fill in the blank 060c56fff00dfd8_9Inventory in process, endingfill in the blank 060c56fff00dfd8_10fill in the blank 060c56fff00dfd8_11fill in the blank 060c56fff00dfd8_12Total unitsfill in the blank 060c56fff00dfd8_13fill in the blank 060c56fff00dfd8_14fill in the blank 060c56fff00dfd8_15

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When are materials added in the process? How does that affect the number of equivalent units in beginning work in process, units that have been started and completed and units in ending work in process? For units to be completed they have to be complete with respect to both materials and conversion.

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c. Costs per equivalent unit for direct materials and conversion. If required, round your answers to the nearest cent.

Costs Per Equivalent UnitDirect Materials$fill in the blank 370c2202ffa4fb2_1Conversion$fill in the blank 370c2202ffa4fb2_2

d. Cost of the units started and completed during the period. $fill in the blank 370c2202ffa4fb2_3

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Are the equivalent units for materials and conversion the same? Are the total costs for materials and conversion the same? How are these costs allocated out among equivalent units?

Remember that in order for a unit to be complete it has to be complete with respect to both materials and conversion.

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Incorrect