1. Eve Cosmetics Company's Filling Department had 3,200 ounces of initial business in process inventory (60% complete). During the period, 53,000 ounces were completed. Finished work in process inventory was 2,700 ounces (40% complete).

If materials are added at the beginning of the process, what are the total equivalent units for direct materials?

2. Eve Cosmetics Company's artwork had 2,900 ounces of initial business in process inventory (80% complete). 47,500 ounces were completed during the period. Finished work in the process inventory was 2,400 ounces (10% complete).

What are the total equivalent units for conversion costs?

3. The cost of direct materials transferred to the Filling Department of Eve Cosmetics is $171,270. The conversion cost for the period in the Filling Department is $306,800. Total equivalent units for direct materials and conversion are 51,900 ounces and 59,000 ounces, respectively.

Determine direct materials and conversion costs per equivalent unit. If necessary, round to the nearest percent.

4. In the Filling Department of Eve Cosmetics, the direct material and conversion equivalent unit costs are $1.75 and $0.70, respectively. The equivalent units to which costs will be assigned are as follows:

	Equivalent Units
	Direct Ingredients		convert
Ongoing inventory, beginning of period	0		3.900
Started and completed during the term	55.000		55.000
Transferred from Fill (completed)	55.000		58.900
Ongoing inventory, end of period	3.000		1.200
Total unit cost to be assigned	58.000		60.100

The initial work on the process inventory cost $2,610. Determine the cost of production and finished work completed and transferred in the process inventory. If necessary, round to the nearest dollar.

5. The cost of materials transferred to Keystone Steel Company's Rolling Department is $574,400 from the Casting Department. The conversion cost for the period in the Rolling Department is $110,100 ($62,200 factory overhead and $47,900 direct labor). The total cost transferred to Finished Goods for the period was $689,600. The Rolling Department's initial inventory was $22,500.

a1. Log the cost of transferred materials.

a2. Log conversion costs. If a quantity box does not require input, leave it blank.

a3. Log costs transferred to Finished Products.

B. Work in Progress—Determine Work in Progress balance at the end of the semester.

Answer rating: 100% (QA)

1 The total equivalent units for direct materials can be calculated by considering the initial work in process inventory and the units completed durin... View the full answer