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The Assembly Department uses a process cost accounting system. The department adds direct materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During May, $200,000 of direct materials costs and $95,000 in conversion costs were charged to the department. The beginning Work in Process inventory was $63,000 on May 1, comprised of $40,000 of direct materials costs and $23,000 of conversion costs. The company employs the weighted-average method of process costing. Other data for the month of May are as follows: Beginning Work in Process inventory, 5/1 Started into Production Ending Work in Process inventory, 5/31 25,000 units (40% complete) 55,000 units 30,000 units (30% complete) Tasks: Answer the following questions: a) How many physical units must be accounted for in May? 2 marks b) How many physical units have been completed and transferred out during May? 3 marks c) What are the total equivalent units of production for direct materials for the month of May? 3 marks d) What are the total equivalent units of production for conversion costs for the month of May? 3 marks e) What are the direct materials costs per unit for May? 2 marks f) What are the conversion costs per unit for May? 2 marks g) What are the total manufacturing costs per unit for May? 2 marks h) What is the total cost of the May 31 inventory? 3 marks i) What is the total cost of the units completed and transferred out? 3 marks j) What are the total costs accounted for? 2 marks

The Assembly Department uses a process cost accounting system. The department adds direct materials at the beginning of the process and incurs conversion costs uniformly throughout the process. During May, $200,000 of direct materials costs and $95,000 in conversion costs were charged to the department. The beginning Work in Process inventory was $63,000 on May 1 , comprised of $40,000 of direct materials costs and $23,000 of conversion costs. The company employs the weighted-average method of process costing. Tasks: Answer the following questions: a) How many physical units must be accounted for in May? 2 marks b) How many physical units have been completed and transferred out during May? 3 marks c) What are the total equivalent units of production for direct materials for the month of May? 3 marks d) What are the total equivalent units of production for conversion costs for the month of May? 3 marks e) What are the direct materials costs per unit for May? 2 marks f) What are the conversion costs per unit for May? 2 marks g) What are the total manufacturing costs per unit for May? 2 marks h) What is the total cost of the May 31 inventory? 3 marks i) What is the total cost of the units completed and transferred out? 3 marks j) What are the total costs accounted for? 2 marks

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