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I ONLY NEED HELP WITH PART D! Thanks! Equivalent Units of Production and Related Costs The charges to Work in ProcessAssembly Department for a period,

  1. I ONLY NEED HELP WITH PART D! Thanks!

  2. 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 Department
    Bal., 3,000 units, 60% completed 11,760 To Finished Goods, 69,000 units ?
    Direct materials, 71,000 units @ $1.4 99,400
    Direct labor 230,700
    Factory overhead 89,700
    Bal. ? units, 80% completed ?

    Determine the following:

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

    Feedback

    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.

    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 Direct Materials Equivalent Units Conversion
    Inventory in process, beginning
    Started and completed
    Transferred to finished goods
    Inventory in process, ending
    Total units

    Feedback

    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.

    c. The rate used to allocate costs between completed and partially completed production.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. $

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