The ledger of Suzuki Group has the following work in process account.

Production records show that there were 800 units in the beginning inventory, 30% complete, 1,100 units started, and 1,500 units transferred out. The units in ending inventory were 40% complete. Materials are entered at the beginning of the painting process. Suzuki uses the FIFO method to compute equivalent units
and Japanese yen for costs.

Instructions

Answer the following questions.

a. How many units are in process at March 31?

b. What is the unit materials cost for March?

c. What is the unit conversion cost for March?

d. What is the total cost of units started in February and completed in March?

e. What is the total cost of units started and finished in March?

f. What is the cost of the March 31 inventory?

Transcribed Image Text:

Work in Process-Painting Transferred out 3/1 Balance 368,000 3/31 3/31 3/31 Materials Labor 660,000 240,000 3/31 Overhead 115,000 3/31 Balance