Data

4 Work in process, beginning:

5 Units in process 300

6 Completion with respect to materials 55 %

7 Completion with respect to conversion 50 %

8 Costs in the beginning inventory:

9 Materials cost $5,815

10 Conversion cost $9,425

11 Units started into production during the period 13,000

12 Costs added to production during the period:

13 Materials cost $451,531

14 Conversion cost $816,147

15 Work in process, ending:

16 Units in process 600

17 Completion with respect to materials 80 %

18 Completion with respect to conversion 10 %

If your formulas are correct, you should get the correct answers to the following questions.

(a) What is the equivalent units of production for materials?

Equivalent units of production for materials ?

(b) What is the equivalent units of production for conversion?

Equivalent units of production for conversion ?

(c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Cost per equivalent unit for materials $

(d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Cost per equivalent unit for conversion $

(e) What is the cost of the units transferred out? (Use rounded cost per Equivalent unit. Omit the "$" sign in your response.)

Cost of units transferred out $

Either print a copy of your worksheet or make a copy of the worksheet in your workbook before proceeding. You will need to refer back to this worksheet.

Change the percentage completion with respect to conversion for the beginning inventory from 50% to 15%, but keep everything the same as in Requirement 2. The data area of your worksheet should now look like this:

Data

4 Work in process, beginning:

5 Units in process 300

6 Completion with respect to materials 55 %

7 Completion with respect to conversion 15 %

8 Costs in the beginning inventory:

9 Materials cost $5,815

10 Conversion cost $9,425

11 Units started into production during the period 13,000

12 Costs added to production during the period:

13 Materials cost $451,531

14 Conversion cost $816,147

15 Work in process, ending:

16 Units in process 600

17 Completion with respect to materials 80 %

18 Completion with respect to conversion 10 %

If your formulas are correct, you should get the correct answers to the following questions.

(a) What is the equivalent units of production for materials?

Equivalent units of production for materials ?

(b) What is the equivalent units of production for conversion?

Equivalent units of production for conversion ?

(c) What is the cost per equivalent unit for materials? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Cost per equivalent unit for materials $

(d) What is the cost per equivalent unit for conversion? (Round your answer to 2 decimal places. Omit the "$" sign in your response.)

Cost per equivalent unit for conversion $

(e) What is the cost of the units transferred out? (Use rounded cost per Equivalent unit. Omit the "$" sign in your response.)

Cost of units transferred out $