Question 1:

Data concerning a recent periods activity in the Assembly Department, the first processing department in a company that uses the FIFO method in its process costing, appear below:

	Materials		Conversion
Cost of work in process inventory at the beginning of the period	$	3,200	$	650
Equivalent units in the ending work in process inventory		400		200
Equivalent units required to complete the beginning work in process inventory		600		1,200
Cost per equivalent unit for the period	$	2.32	$	0.75

A total of 26,000 units were completed and transferred to the next processing department during the period. Beginning work in process inventory consisted of 2,000 units and ending work in process inventory consisted of 1,000 units.

Required:

1. Compute the Assembly Department's cost of ending work in process inventory for materials, conversion, and in total for the period.

2. Compute the Assembly Department's cost of units transferred out to the next department for materials, conversion, and in total for the period.

Question 2:

Highlands Company uses the FIFO method in its process costing system. It processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below:

		Percent Completed
	Tons of Pulp	Materials		Labor and Overhead
Work in process, June 1	21,900	81	%	85	%
Work in process, June 30	28,700	60	%	46	%
Started into production during June	191,900

Required:

1. Compute the number of tons of pulp completed and transferred out during June.

2. Compute the equivalent units of production for materials and for labor and overhead for June.

Question 3:

Jarvene Corporation uses the FIFO method in its process costing system. The following data are for the most recent month of operations in one of the companys processing departments:

Units in beginning inventory	390
Units started into production	4,260
Units in ending inventory	270
Units transferred to the next department	4,380

	Materials		Conversion
Percentage completion of beginning inventory	80	%	20	%
Percentage completion of ending inventory	70	%	50	%

The cost of beginning inventory according to the companys costing system was $7,817 of which $4,874 was for materials and the remainder was for conversion cost. The costs added during the month amounted to $178,677. The costs per equivalent unit for the month were:

	Materials	Conversion
Cost per equivalent unit	$18.00	$23.00

Required:

1. Compute the total cost per equivalent unit for the month.

2. Compute the equivalent units of material and conversion in the ending inventory.

3. Compute the equivalent units of material and conversion that were required to complete the beginning inventory.

4. Compute the number of units started and completed during the month.

5. Compute the cost of ending work in process inventory for materials, conversion, and in total for the month.

6. Compute the cost of the units transferred to the next department for materials, conversion, and in total for the month.