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
Cost per equivalent units of $ for Direct Materials and $ for Conversion Costs.
a Based on the above data, determine the different costs listed below.
Cost of beginning work in process inventory completed this period
Cost of units transferred to finished goods during the period
Cost of ending work in process inventory
Cost per unit of the completed beginning work in process inventory Rounded to the
nearest cent.
b Did the production costs change from the preceding period?
c Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit increase, decrease, or remain
the same for the current period?
