Question 1

Inca Inc. produces soft drinks. Mixing is the first department and its output is measured in gallons. Inca uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information:

Production:
Units in process, July 1, 80% complete		23100 gallons
Units completed and transferred out		138,000 gallons
Units in process, July 31, 75% complete		15100 gallons
Costs:
Work in process, July 1		$23,100
Costs added during July		301,000

Required:

1. Calculate the equivalent units for July. equivalent units

2. Calculate the unit cost. Round your answer to the nearest cent. $per unit

3. Assign costs to units transferred out and EWIP using the FIFO method. If required, round your final answers to the nearest cent.

Cost of units transferred out	$
Ending work in process	$

Question 2

FIFO; Production Report

Inca Inc. produces soft drinks. Mixing is the first department and its output is measured in gallons. Inca uses the FIFO method. All manufacturing costs are added uniformly. For July, the mixing department provided the following information:

Production:
Units in process, July 1, 80% complete		24,000 gallons
Units completed and transferred out		133000 gallons
Units in process, July 31, 75% complete		16000 gallons
Costs:
Work in process, July 1		$23,000
Costs added during July		301,000

Prepare a production report. Round all intermediate calculations and per unit amounts to the nearest cent. Round final answers to the nearest dollar or unit (except for per unit amounts). Note: "Total costs to account for" and "Total costs to account for" would be different due to rounding.

Inca Inc. Mixing Department
Production Report
For the Month of July (FIFO Method)
Unit Information
Physical flow:
Units to account for:	Units
Units in beginning WIP
Units started
Total units to account for
Units to account for:
	Units
Units started and completed
From beginning WIP
Units in ending WIP
Total units to account for
Equivalent units:	Units
Started and completed
To complete beginning WIP
Units in ending WIP
Total equivalent units
Cost Information
Costs to account for:
	Dollars
Costs in beginning WIP	$
Costs added by department
Total costs to account for	$
Cost per equivalent unit	$
Costs accounted for:
	Total
Transferred out:
Units started and completed	$
Units in beginning work in process:
From prior period
From current period
Total cost transferred out	$
Goods in ending work in process
Total costs accounted for	$

Question 3

Nonuniform Inputs, Equivalent Units

Terry Linens Inc. manufactures bed and bath linens. The bath linens department sews terry cloth into towels of various sizes. Terry uses the weighted average method. All materials are added at the beginning of the process. The following data are for the bath linens department for August:

Production:
Units in process, August 1, 25% complete*	13,500
Units completed and transferred out	64,000
Units in process, August 31, 66% complete*	35,750
* With respect to conversion costs.

Required:

Calculate equivalent units of production for the bath linens department for August.

Materials ???????	equivalent units of production
Conversion ???????	equivalent units of production