Problem II$.$ ROMALY, INC. has several processing departments. Costs charged to

Forming Department for December $2023$ totaled $$1,505,000$ as follows:

$*$Work in Process Inventory Costs, December $12023($Direct Materials Costs $$25,000$ and

Conversion Costs $$50,000).$ All costs are added during the production process in the Forming

Department.

Romaly, Inc. tiene varios departamentos de producci$$n$.$ Los costos incurridos en el

Departamento de Forming para diciembre de $2023$ totalizaron $$1505,000$ como siguen:

Production records show that $($Los expedientes de producci$$n muestran que$)$:

$50,000$ units were in beginning $(1$ dic $2023)$ work in process inventory: $70\%$ completed

$440,000$ units were started into production

$70,000$ units were in ending $(31$ dic $2023)$ work in process inventory: $40\%$ completed

Instructions:

a$.$ Compute the physical unit flow, step $1.$

b$.$ Determine the total equivalent units of production, step $2.$

c$.$ Compute the unit cost of production, step $3.$

d$.$ Determine the costs to be assigned to the units transferred out to Finished Goods Inventory and in

Work in Process Inventory.

e$.$ Prepare a production cost report for the Forming Department for the month of December $2023.$