Spectre Chemicals produces Canovic in a two-department process.Information on the two departments for March and April 2016 are as follows:

MARCH 2016:

Department 1: The Company had beginning inventory of 6,000 units, 40% completed with a cost of $45,000. During the month, the department transferred in 22,000 units of the direct materials with a cost of $10 per unit. Ending inventory was 7,000 units, 30% completed. Direct labor is $310,500 and factory overhead is $103,500.

Department 2: The Company had beginning inventory of 5,000 units, 70% completed with a cost of $80,000. During the month, direct labor was $175,000 and factory overhead was $87,500. Ending inventory was 10,000 units, 50% completed.

APRIL 2016:

Department 1:During the month, the department transferred in 20,000 units of the direct materials with a cost of $11 per unit. Direct labor is $209,000 and factory overhead is $104,500. Ending inventory is 10,000 units 60% completed.

Department 2: During the month, direct labor is $175,000 and factory overhead is $87,500. The company had ending inventory of 5,000 units, 70% completed with a cost of $80,000.

Required:

Compute the Equivalent Units of Production, Material costs, and Conversion costs for each department for March and April 2016.

Complete the attached chart - one for each department and each month

PROCESS COSTING WORKSHEET

LAYERS ACTUAL UNITS % EUP MATERIALS CONVERSION COSTS TOTAL COST

BEGINNING INVENTORY

STARTED & COMPLETED

ENDING INVENTORY

Cost of production report for March and April 2016.