Problem 4-47A

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

Calculate the following for both the hockey pucks and the soccer balls: (Round answers to the nearest whole dollar, e.g. 5,275. Round per unit costs to the 3 decimal places, e.g. 15.253.) 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. Prepare a production cost report for the month of August for the hockey pucks only. (Round unit cost to 3 decimal places, e.g. 15.251 and other answers to to the nearest whole dollar, e.g. 5,275.)