Fill in the blanks.

Given the following data, determine the cost per equivalent unit and use this cost data to determine the cost of ending WIP inventory and units transferred into finished goods. (Answers must be entered as numbers only without spaces, dollar signs, commas, etc. Example: 50000 or 2.20 or .94)

Production Fabrication Co.
Equivalent Units of Production
	Materials	Labor	Overhead
Units transferred to next process	350,000	350,000	350,000
Ending WIP Inv. (80,000 units x 50% complete; labor 80,000 units x 25% complete; overhead 80,000 units x 25% complete)	40,000	20,000	20,000
Equivalent units of production	410,000	370,000	370,000
Production Fabrication Co.
Costs Per Equivalent Unit
	Materials	Labor	Overhead
Costs:
Costs beginning WIP Inventory	92,000	21,000	37,000
Costs added this period	810,000	325,000	640,000
Total Costs:	902,000	346,000	677,000
Equivalent units of production	410,000	370,000	370,000
Cost per unit

Project Fabrication, Co.
Costs of Ending WIP Inventory and Units Transferred Out
Ending WIP Inventory:	Materials	Labor	Overhead	Total
Equivalent units of production	40,000	20,000	20,000
Cost per equivalent unit
Cost of ending WIP inventory (round to nearest dollar)				143,298
Units of completed and transferred out:
Units transferred to the next dept.	350,000	350,000	350,000
Cost per equivalent unit
Cost of units completed and transferred out (round to the nearest dollar)				1,739,500

Fill in the blanks. Given the following data, determine the cost per equivalent unit and use this cost data to determine the cost of ending WIP inventory and units transferred into finished goods. (Answers must be entered as numbers only without spaces, dollar signs, commas, etc. Example: 50000 or 2.20 or .94) Production Fabrication Co. Equivalent Units of Production Materials Labor Overhead 350,000 Units transferred to next process... 350,000 350,000 Ending WIP Inv. (80,000 units x 50 % complete; labor 80,000 units x 25% complete; overhead 80.000 40,000 units x 25 % complete) 20,000 20,000 370,000 Equivalent units of production 410,000 370,000 Production Fabrication Co. Costs Per Equivalent Unit Materials Labor Overhead Costs: Costs beginning WIP Inventory 92,000 21,000 37,000 Costs added this period 810,000 325,000 640,000 677,000 Total Costs: 902,000 346,000 410,000 Equivalent units of production 370,000 370,000 Total Costs: 902,000 346,000 677,000 Equivalent units of production 410,000 370,000 370,000 Cost per unit (5pts) (5pts) (4pts) Project Fabrication, Co. Costs of Ending WIP Inventory and Units Transferred Out Overhead Ending WIP Inventory: Materials Labor Total Equivalent units of production 40,000 20,000 20,000 Cost per equivalent unit (3pts) (3pts) (3pts) Cost of ending WIP inventory (round to nearest dollar) 143298 (3pts) (3pts) (3pts) Units of completed and transferred out: Units transferred to 350,000 350,000 350,000 the next dept Cost per equivalent unit (3pts) (3pts) (3pts) Cost of units completed and transferred out (round (3pts) 1,739,500 (3pts) (3pts) to the nearest dollar) Fill in the blanks. Given the following data, determine the cost per equivalent unit and use this cost data to determine the cost of ending WIP inventory and units transferred into finished goods. (Answers must be entered as numbers only without spaces, dollar signs, commas, etc. Example: 50000 or 2.20 or .94) Production Fabrication Co. Equivalent Units of Production Materials Labor Overhead 350,000 Units transferred to next process... 350,000 350,000 Ending WIP Inv. (80,000 units x 50 % complete; labor 80,000 units x 25% complete; overhead 80.000 40,000 units x 25 % complete) 20,000 20,000 370,000 Equivalent units of production 410,000 370,000 Production Fabrication Co. Costs Per Equivalent Unit Materials Labor Overhead Costs: Costs beginning WIP Inventory 92,000 21,000 37,000 Costs added this period 810,000 325,000 640,000 677,000 Total Costs: 902,000 346,000 410,000 Equivalent units of production 370,000 370,000 Total Costs: 902,000 346,000 677,000 Equivalent units of production 410,000 370,000 370,000 Cost per unit (5pts) (5pts) (4pts) Project Fabrication, Co. Costs of Ending WIP Inventory and Units Transferred Out Overhead Ending WIP Inventory: Materials Labor Total Equivalent units of production 40,000 20,000 20,000 Cost per equivalent unit (3pts) (3pts) (3pts) Cost of ending WIP inventory (round to nearest dollar) 143298 (3pts) (3pts) (3pts) Units of completed and transferred out: Units transferred to 350,000 350,000 350,000 the next dept Cost per equivalent unit (3pts) (3pts) (3pts) Cost of units completed and transferred out (round (3pts) 1,739,500 (3pts) (3pts) to the nearest dollar)