Refer to the information in Need-To-Know 16-5. For the Grinding department, complete requirements 1 through 4 using the FIFO method. (Round the cost per equivalent unit of conversion to two decimal places.)

Data from Need-To-Know 16-5

Mortar Company produces a product that passes through two processes: Grinding and Mixing. Information related to its Grinding department manufacturing activities for July follows. The company uses the weighted average method of process costing.

Required
Complete the requirements below for the Grinding department.
1. Prepare a physical unit flow reconciliation for July.
2. Compute the equivalent units of production in July for direct materials and conversion.
3. Compute the costs per equivalent unit of production in July for direct materials and conversion.
4. Assign costs to units completed and transferred out and to units in ending work in process inventory.

Transcribed Image Text:

Cost Data Beginning work in process Direct materials.... Conversion....... Costs added this period Direct materials ....... Conversion....... Total production costs **** $ 20,000 28,747 $ 48,747 $190,000 166,553 356,553 $405,300 Units Data Beginning work in process..... Percent Complete: Direct materials.. Percent Complete: Conversion..... Units started this period......... Units completed and transferred out... Ending work in process Percent Complete: Direct materials.. Percent Complete: Conversion... 5,000 units 100% 70% 20,000 units 17,000 units 8,000 units 100% 20%