Units charged to Production Inventory in process, July 1 Received from storeroom Total units accounted for Units to be assigned costs: Inventory in process, July 1 Started and completed in July Transferred to next dept. Inventory in process, July 31 Total units to be assigned cost Unit Costs Total cost added in July Total equivalent units Cost per equivalent unit Costs charged to production Inventory in process, July 1 Cost incurred in July Total costs accounted for Costs allocated to completed & partically completed units Inventory in process, July 1--balance To complete invent. in process, July 1 Started and completed in July Transferred to next dept. in July Inventory in process, July 31 Total costs assigned by dept. Units Mat. Conv. Problem Information Balance in the Work in Process Acct.: Units: 200 Completion %: 50% Costs: $ 16,000 Materials charged to dept. in July: Units: 2,000 Materials Costs $ 50,000 Direct Labor $ 7,000 $ 4,000 Overhead Completion Information: Units, Work in Process Materials completed Conversion completed Additional Information: 200 100% 50% All direct materials are placed in process at the beginning of production.