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3.5 Cost of Units Completed and in Process

The charges to Work in ProcessAssembly 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 ProcessAssembly Department
Bal., 8,000 units, 30% completed	23,680	To Finished Goods, 184,000 units	?
Direct materials, 188,000 units @ $1.7	319,600
Direct labor	603,900
Factory overhead	234,900
Bal., ? units, 40% completed	?

Cost per equivalent units of $1.70 for Direct Materials and $4.50 for Conversion Costs.

Cost of Units Completed and in Process 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., 8,000 units, 30% completed Direct materials, 188,000 units @ $1.7 23,680 To Finished Goods, 184,000 units 319,600 Direct labor 603,900 Factory overhead 234,900 Bal., ? units, 40% completed Cost per equivalent units of $1.70 for Direct Materials and $4.50 for Conversion Costs. a. Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. $ 1. Cost of beginning work in process inventory completed this period $ 2. Cost of units transferred to finished goods during the period TITO $ 3. Cost of ending work in process inventory $ 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.)

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