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Equivalent Units of Production and Related Costs

The charges to Work in Process$$Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production.

Work in Process$$Assembly Department

Bal., $9,000$ units, $40\%$ completed $72,360$ To Finished Goods, $41,500$ units $?$

Direct materials, $40,000$ units @ $$6\mathrm{.}80272,000$

Direct labor $80,000$

Factory overhead $40,450$

Bal., $?$ units, $30\%$ completed $?$

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Determine the following:

a$.$ The number of units in work in process inventory at the end of the period.

fill in the blank $52307$b$021060$f$92\_1$ units

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Units in ending work in process represent units that have been started in the department but have not been completed, and therefore have not been transferred out to finished goods.

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b$.$ Equivalent units of production for direct materials and conversion. If an amount is zero or a blank, enter in $"0".$

Work in Process$-$Assembly Department

Equivalent Units of Production for Direct Materials and Conversion Costs

Whole

Units Equivalent Units

Direct Materials Equivalent Units

Conversion

Inventory in process, beginning fill in the blank $419$c$9408$e$060$fa$6\_1$ fill in the blank $419$c$9408$e$060$fa$6\_2$ fill in the blank $419$c$9408$e$060$fa$6\_3$

Started and completed fill in the blank $419$c$9408$e$060$fa$6\_4$ fill in the blank $419$c$9408$e$060$fa$6\_5$ fill in the blank $419$c$9408$e$060$fa$6\_6$

Transferred to finished goods fill in the blank $419$c$9408$e$060$fa$6\_7$ fill in the blank $419$c$9408$e$060$fa$6\_8$ fill in the blank $419$c$9408$e$060$fa$6\_9$

Inventory in process, ending fill in the blank $419$c$9408$e$060$fa$6\_10$ fill in the blank $419$c$9408$e$060$fa$6\_11$ fill in the blank $419$c$9408$e$060$fa$6\_12$

Total units fill in the blank $419$c$9408$e$060$fa$6\_13$ fill in the blank $419$c$9408$e$060$fa$6\_14$ fill in the blank $419$c$9408$e$060$fa$6\_15$

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When are materials added in the process? How does that affect the number of equivalent units in beginning work in process, units that have been started and completed and units in ending work in process? For units to be completed they have to be complete with respect to both materials and conversion.

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c$.$ Costs per equivalent unit for direct materials and conversion.

Costs Per Equivalent Unit

Direct Materials $fill in the blank cc$3586$f$66$fb$407$b$\_1$

Conversion $fill in the blank cc$3586$f$66$fb$407$b$\_2$

d$.$ Cost of the units started and completed during the period.

$fill in the blank cc$3586$f$66$fb$407$b$\_3$

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Are the equivalent units for materials and conversion the same? Are the total costs for materials and conversion the same? How are these costs allocated out among equivalent units?

Remember that in order for a unit to be complete it has to be complete with respect to both materials and conversion.