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Cost of Unit Transferred Out and Ending Work in Process The couts per equivalent unit of direct materials and conversion in the Rolling Department of Oak Ridge Sted Company we 51 05 and 2.65, respectively. The event on to be assigned costs are as follows Equivalent Units Direct Materials Conversion Inventory in process, July 1 0 2.400 Started and completed during July 61,000 61.000 Transferred out of Rolling (completed) 61,000 63.400 Inventory in process, Ruly 31 4,000 1,200 Total units to be assigned costs 65,000 65.600 The beginning work in process inventory on July the cost of $1,320. Determine the cost of completed and trade production, the ending work procent and the total costs assigned by the Rolling Department Completed and transferred-out production 260,830 X Inventory in process, ending 277.430 x Total costs assigned by the Rolling Department CMW The assumption would be that units that had been in beginning work in process would have been the fast is completed in the department Touch associated with these beginning work in process units) How many units were both started and completed doing the period? How much cost with the and completed units? How many units were started in the period but are still work in proces? How much toated with these ending in Previous Next) SE Equivalent Unit of Production The Converting Department of Hopkinsville Company had 1,000 units in work in process at the beginning of the period, which were 75% complete. During the period, 20,800 units were completed and transferred to the Packing Department. There were 1,120 units in process at the end of the period, which were complete Direct materials we placed into the process at the beginning of production Determine the number of ecuivalent units of production with respect to direct materials and conversion costs an amount itero, enter in Hopkinsville Company Number of Equivalent units of Production Direct Materials Cuivalent Units Conversion ovalent Units 260 X Whole Uns Inventory in process, beginning 1.000 Started and completed Transferred to Packing Department Inventory in process, ending Total Feedbad Debit Costs per unnt Unt and Production Costs The following information concerns production in the Forging Department for NovembecAll direct materials are placed into the procesit the beginning production, conversion costs are incurred evenly throughout the process. The beginning vectory consists of 570,730 of dicta ACCOUNT Work in Process Forging Department ACCOUNT NO. Balance Date Them Credit Dehit Credit Nov. 1 B, 6,800 units, 40% completed 80,512 30 Dect materials, 62,000 units $32,400 712,912 30 Direct labor 100,170 13,082 30 factory overhead 138,332 7 951.414 30 Goods finishes, 2 units 7 30 a 5,400 70 completed Cost per qualen uns 510.30 for Direct Materials and $3.76 for Conversores Based on the above data de each of the following amount Ilmed, round your interm calcations to two decimal places. Ieundin answers (c) to the newest do Cost of beginning work in process inventory completed in Numbet 38,672 X . Costani transferred to the next part ng November Freur YOUR EMOTIONS TO TWO ces, des en a. Cost of beginning work in process inventory completed in November 88,672 X b. Cost of units transferred to the next department during November Cost o ending work in process inventory on November 30, d. Costs per equivalent unit of deect materials and conversion included in the November beginning work in thered, round your answers to decimalla Det materials cost per equivalent un Conversion cost per equivalent un e. The November increase or decrease in cours per equivalent unit for direct materials and conversion from the previous month. If required, round your answers to two decimal places Increase or Decrease Amount Change in direct materials cost per equivalentant Change in conversion cost per equivalent unit l Te
