I NEED TO CALCULATE:

1. The equivalent units of production for materials and conversion costs.

2. The unit costs of production for materials and conversion costs.

3. The assignment of costs to units transferred out and to work in process at the end of the accounting period.

1. also make a production cost report for the month of August for the hockey pucks only.

Jessica Company manufactures hockey pucks and soccer balls. For both products, materials are added at the beginning of the production process and conversion costs are incurred evenly. Jessica uses the FIFO method to calculate equivalent units. Production and cost data for the month of August are as follows:

Production DataHockey pucks

Units

Percent Complete

Work in process units, August 1

680

70%

Units started into production

1,770

Work in process units, August 31

850

30%

Cost DataHockey pucks

Work in process, August 1

$1,120

Direct materials

1,770

Direct labour

1,100

Manufacturing overhead

1,106

Production DataSoccer balls

Work in process units, August 1

350

90%

Units started into production

2,050

Work in process units, August 31

250

60%

Cost DataSoccer balls

Work in process, August 1

$470

Direct materials

2,665

Direct labour

1,050

Manufacturing overhead

1,134