Practice Exercise 1 A company had a beginning inventory of 4,000 units in its assembly department that were 40% complete. During the year 20,000 units were transferred into the assembly department. At the end of the month, there were 5,000 units still in assembly that were 80% completed. Compute the Assembly Dept EUP activity. Units in Beginning inventory Units intoduced into Assembly Total units to account for Units completed from the beginning inventory Units started and completed. during the month. Units remaining in inventory at end of the month Physical Units EUP Computations/Comments 21 b. The company had accumulated production costs of $1,519,400 for the Assembly Department in the month. Therefore, the cost per EUP would be: c. The value of the ending inventory in the Assembly Dept would be: Practice Exercise 2 A company had a manufacturing process that added 100% of all materials at the beginning of the production process. Conversion costs were then added through the entire production process. A company had a beginning inventory of 4,000 units in its assembly department that were 40% complete. During the year 20,000 units were transferred into the assembly department. At the end of the month, there were 5,000 units still in assembly that were 80% completed. Compute the Assembly Dept EUP activity. a. Compute EUP for Assembly Dept Units in Beginning inventory Units intoduced into Assembly Total units to account for EUP Conversion 1 Physical Units EUP-Materials Costs Computations/Comments Units completed from the 82 beginning inventory Units started and completed 33 during the month Units remaining in inventory at 34 end of the month 35 Total units 36 Assuming the company had accumulated production costs for the Assembly Department in the month of: b. What are the production cost per EUP for the Assembly Department for the month? 23 c. What is the value of the ending inventory in the Assembly Dept for the end of the month