Cost per Equivalent Unit ACCOUNT Work in Process Forging Department ACCOUNT NO B

Question

Cost per Equivalent Unit

ACCOUNT Work in Process Forging Department ACCOUNT NO Balance Date Item Debit Credit Debit Credit Sept. 1 Bal, 3,400 units, 30% completed 30 Direct materials, 31,000 units 30 Direct labor 30 Factory overhead 30 Goods finished, 2 units 30 Bal., 2,700 units, 90% completed 46,444 430,844 476,734 540,107 384,400 45,890 63,373 ? a. Determine the number of units transferred to the next department. units b. Determine the costs per equivalent unit of direct materials and conversion. If required, round your answer to two decimal places Cost per equivalent unit of direct materials Cost per equivalent unit of conversion c. Determine the cost of units started and completed in September.

Explanation / Answer

Units to Account for :-

Units to be Accounted for ;-

Equivalent Units :-

Cost per Equivalent Unit :-

Total Cost Accounted for ;-

Units Completed from Beginning WIP ;-

Units Started and Transferred out (28300 units) :-

Ending Work in Process :-

a) Cost of Goods Completed and Transferred Out :-

= Cost of Beginning WIP + Cost of units completed from Transferred Out

= $50056 + $448272

= $498328

b) Cost per Equivalent Unit :-

Direct Material = $12.4

Conversion = $3.44

Beginning Work in Process Unit 3400 Add : Units Started in Process 31000 Total Units 34400

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