QUESTION 1

Equivalent Units, No Beginning Work in Process

Frankle Manufacturing produces cylinders used in internal combustion engines. During June, Frankles welding department had the following data:

Units in BWIP
Units completed	47,000
Units in EWIP (40% complete)	5,600

Required:

Calculate June's output for the welding department in equivalent units of production. units

QUESTION 2

Unit Cost, Valuing Goods Transferred Out and EWIP

During April, the grinding department of Tranx Inc. completed and transferred out 312,000 units. At the end of April, there were 156,000 units in process, 60% complete. Tranx incurred manufacturing costs totaling $2,433,600.

Required:

1. Calculate the unit cost. $per unit

2. Calculate the cost of goods transferred out and the cost of ending WIP.

Cost of goods transferred out	$
Cost of ending WIP	$

QUESTION 3

Weighted Average Method, Unit Cost, Valuing Inventories

Applegate Enterprises produces premier raspberry jam. Output is measured in pints. Applegate uses the weighted average method. During January, Applegate had the following production data:

Units in process, January 1, 60% complete	196,000 pints
Units completed and transferred out	700,000 pints
Units in process, January 31, 40% complete	240,000 pints
Costs:
Work in process, January 1	$196,000
Costs added during January	600,000

Required:

1. Using the weighted average method, calculate the equivalent units for January. equivalents units

2. Calculate the unit cost for January. Round your answer to the nearest cent. $per unit

3. Assign costs to units transferred out and EWIP.

Cost of goods transferred out	$
Ending work in process (EWIP)	$

QUESTION 4

Nonuniform Inputs, Weighted Average

Carter Inc. had the following production and cost information for its fabrication department during April (with materials added at the beginning of the fabrication process):

Production:
Units in process, April 1, 50% complete with respect to conversion	10,000
Units completed	65,200
Units in process, April 30, 60% complete	12,000
Costs:
Work in process, April 1:
Materials	$40,980
Conversion costs	14,600
Total	$55,580
Current costs:
Materials	$125,000
Conversion costs	210,000
Total	$335,000

Carter uses the weighted average method.

Required:

1. Prepare an equivalent units schedule.

Carter Inc.
Schedule of Equivalent Units
(Weighted Average Method)
			Materials		Conversion
Units completed
Add: Units in ending WIP x Percent complete
		%
		%
Equivalent units of output

2. Calculate the unit cost. Round all intermediate calculations and final answer to the nearest cent. $per unit

3. Calculate the cost of units transferred out and the cost of EWIP. In your calculations round unit cost to the nearest cent and your final answers to the nearest dollar.

Cost transferred out	$
Cost of ending work in process