Cost of Units Completed and in Process The charges to Work in Process—Assembly Department for a...

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Cost of Units Completed and in Process The charges to Work inProcess—Assembly Department for a period, together with informationconcerning production, are as follows. All direct materials areplaced in process at the beginning of production. Work inProcess—Assembly Department Bal., 5,000 units, 35% completed 16,175To Finished Goods, 115,000 units ? Direct materials, 118,000 units@ $1.8 212,400 Direct labor 372,700 Factory overhead 144,960 Bal. ?units, 55% completed ? a. Based on the above data, determine thedifferent costs listed below. If required, round your interimcalculations to two decimal places. 1. Cost of beginning work inprocess inventory completed this period. $ 2. Cost of unitstransferred to finished goods during the period. $ 3. Cost ofending work in process inventory. $ 4. Cost per unit of thecompleted beginning work in process inventory, rounded to thenearest cent. $ b. Did the production costs change from thepreceding period? No c. Assuming that the direct materials cost perunit did not change from the preceding period, did the conversioncosts per equivalent unit increase, decrease, or remain the samefor the current period?

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Working notes Equivalent units Physical units Material Conversion completion Units completion Units Beginning work in process 5000 65 3250 Started and completed 1150005000 110000 100 110000 100 110000 Transferred out 115000 Ending work See Answer

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