Process Cost Practice Quiz - Part 1 The following information is related to the blending department: 1. 1,900 units in beginning WIP, 60% completed as to conversion costs 2. Direct Materials added: 22,000 units 3. Goods completed and transferred total 21,800 units 4. All materials are added at the beginning of the process. 5. Beginning WIP was $7,657 6. Cost of DM added during the month: $77,000 7. Cost of DL added during the month: $14,200 8. Factory overhead applied during the month: $6,880 9. Ending WIP inventory is 20% completed as to conversion costs Required: 1. Compute total units to be assigned costs 2. Compute Group 1-3 whole units and equivalent units 3. Compute cost per equivalent unit for materials and conversion costs 4. Using cost per equivalent unit above, determine (A) cost transferred out of WIP to next department and (B) cost assigned to ending WIP WIP-Blending Dept. Units Units A Beginning 1.900 Group 1 7,657 Beginning Cost to Complete Total DM Group 2 Start + Compl. DL FOH Total Completed Total Units Group 3 Ending Process Cost Practice Quiz - Part 1 The following information is related to the blending department: 1. 1,900 units in beginning WIP, 60% completed as to conversion costs 2. Direct Materials added: 22,000 units 3. Goods completed and transferred total 21,800 units 4. All materials are added at the beginning of the process. 5. Beginning WIP was $7,657 6. Cost of DM added during the month: $77,000 7. Cost of DL added during the month: $14,200 8. Factory overhead applied during the month: $6,880 9. Ending WIP inventory is 20% completed as to conversion costs Required: 1. Compute total units to be assigned costs 2. Compute Group 1-3 whole units and equivalent units 3. Compute cost per equivalent unit for materials and conversion costs 4. Using cost per equivalent unit above, determine (A) cost transferred out of WIP to next department and (B) cost assigned to ending WIP WIP-Blending Dept. Units Units A Beginning 1.900 Group 1 7,657 Beginning Cost to Complete Total DM Group 2 Start + Compl. DL FOH Total Completed Total Units Group 3 Ending