Step-by-step solution for No. 5 - 10

1) Units received from the shaping department this period = 3,000 Units

Input	Units	Output	Units
Units in Beginning Inventory	1,000	Units transferred to finished goods inventory this period	2,800
Units received from the shaping department this period (bal figure)	3,000	Units in Ending inventory	1,200
TOTAL	4,000		4,000

2) Equivalent Units of Materials

In FIFO method, the unit of beginning inventory is completed first and then Units received during the period is completed.

				Material
Inputs	Units	Output	Units	% Complete	Equivalent Unit
Beginning Inventory	1,000	Units transferred to finished goods inventory this period
		--- From Beginning Inventory	1,000	10%	100
		--- From the Units received from shaping department during the period	1,800	100%	1,800
Units received from shaping department during the period	3,000	Ending Work in process inventory	1,200	50%	600
	4,000		4,000		2,500

Equivalent Units for Material = 2,500 Equivalent Units

3) Equivalent units for labor

				Labor
Inputs	Units	Output	Units	% Complete	Equivalent Unit
Beginning Inventory	1,000	Units transferred to finished goods inventory this period
		--- From Beginning Inventory	1,000	20%	200
		--- From the Units received from shaping department during the period	1,800	100%	1,800
Units received from shaping department during the period	3,000	Ending Work in process inventory	1,200	40%	480
	4,000		4,000		2,480

Equivalent units for labor = 2,480 Equivalent Units

4) Equivalent units for overhead

				Overhead
Inputs	Units	Output	Units	% Complete	Equivalent Unit
Beginning Inventory	1,000	Units transferred to finished goods inventory this period
		--- From Beginning Inventory	1,000	20%	200
		--- From the Units received from shaping department during the period	1,800	100%	1,800
Units received from shaping department during the period	3,000	Ending Work in process inventory	1,200	40%	480
	4,000		4,000		2,480

Equivalent Units for Overhead = 2,480 Equivalent Units

Handy Tool Company manufactures a product in two departments, Shaping and Assembly. The product is cut out of sheet meld, bent to shape. and painted in the Shaping Department Then, it is transferred to the Assembly Department where component parts purchased from outside vendors are added to the unit. A process cost system with a FIFO cost flow assumption is used to account for work in process inventories. Data related to November operations it the Assembly Department follow: Units ii beginning inventory (90% materials 80% labor and 80% overhead) 1,000 Units transferred to finished Goods Inventory this period 2, 800 Units in ending inventory (50% materials. 40% labor and 40% overhead) 1, 200 Required: Units received from the Shaping Department this period Equivalent Units of Materials Equivalent Units of Labor Equivalent Units of Factory Overhead Cost per equivalent units of Materials Cost per equivalent units of Labor Cost per equivalent units of Factory Overhead Total Cost per equivalent units Cost of units transferred from Assembly Department to Finished Good Inventory Cost of units for ending Work in Process Inventory in Assembly Department