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FIFO EUP; second department

Angerstein Inc. produces calendars in a two-process, two-department operation. In the Printing Department, calendars are printed and cut. In the Assembly Department, the material received from Printing is assembled into individual calendars and bound. Each department maintains its own Work in Process Inventory, and costs are assigned using FIFO process costing. In Assembly, conversion costs are incurred evenly throughout the process; direct material is added at the end of the process. For September, the following production and cost information is available for the Assembly Department:

• Beginning WIP Inventory: 10,000 calendars (30 percent complete as to conversion); transferred in cost, $15,100; conversion cost, $2,186
• Transferred in during September: 160,000 calendars
• Current period costs: transferred in, $160,000; direct material, $20,540; conversion, $27,982
• Ending WIP Inventory: 12,000 calendars (80 percent complete as to conversion)

For the Assembly Department, compute the following:

a. Equivalent units of production for each cost component

EU for transferred in	Answer
EU for direct materials	Answer
EU for conversion	Answer

b. Cost per EUP for each cost component Note: Round your answers to two decimal places.

Transferred in cost per EUP	Answer
Material cost per EUP	Answer
Conversion cost per EUP	Answer

c. Cost transferred to Finished Goods Inventory Note: Round your final answer to the nearest whole dollar.

Note: Use the rounded rates from part (b) in your calculations.

$Answer d. Cost of ending WIP Inventory Note: Round your final answer to the nearest whole dollar.

Note: Use the rounded rates from part (b) in your calculations.

$Answer

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