process costing

Process Costing Problems Integer Corp started the morning shift with 300 circuits, added 6,000 more circuits during the shift and finished the shift with 900 circuits. For Direct Materials, the 300 circuits at the beginning were 40% complete and the 900 circuits at the ending were 60% complete. The Direct Materials cost at the beginning was $820. The Direct Materials incurred during the shift for the added circuits was $17,000. Calculate the # of Equivalent Units The Direct Materials Cost per Equivalent Unit The Direct Materials Cost of Ending Inventory The Direct Materials Cost of Goods Manufactured During the Same shift, Direct Labor for the 300 circuits at the beginning was 20% complete at a cost of $1,000. The 6,000 new circuits had Direct Labor cost of $27,350. The Direct Labor of the circuits left in ending inventory were 30% complete. Lori Company uses the weighted-average method in its process costing system. Use the operating data below to find Total Equivalent Units, Cost per Equivalent Units. Ending WIP and Cost of Goods Mfg for Direct Materials. Calculate again for Direct Labor. Units Percent complete Direct Labor 50% Beginning work in process inventory Started into production during June Ending work in process inventory Percent complete Direct Materials 60% ??? 60% 10,000 98,000 20,000 ??? 75% Beginning WIP costs consisted of $30,000 Direct Materials. Additional costs of $300,000 Direct Materials were incurred during the year. Beginning WIP costs consisted of $32,000 Direct Labor. Additional costs of $280,000 Direct Labor were incurred during the year