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.

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 A._______________ B.________________ C._______________________

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 D._________________ E.________________ F._____________

Cost of ending WIP inventory G. _________________ H.________________ I.______________ 143298

Units of completed and transferred out:

Units transferred to the next dept. 350,000 350,000 350,000

Cost per equivalent unit J.______________ K.________________ L.___________________

Cost of units completed and

transferred out M._______________ N.__________________ O.__________________ 1,739,500