A production department reports the following conversion costs. Equivalent units of production for conversion total 478,000 units this period. Calculate the cost per equivalent unit of production for conversion. The company uses the weighted average method. Costs of beginning work in process Costs added this period Cost per equivalent unit of production-Weighted average Costs transferred out wwwww Cost of ending work in process ... Total costs $ 1,057,500 775,000 + Equivalent units of production Cost per equivalent unit of production Conversion EUP per EUP

Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 5,340 tons in beginning work in process inventory (40% complete) on October 1. During October, 44,500 tons were completed. The ending work in process inventory on October 31 was 3,560 tons (40% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.fill in the blank 1 units

Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Filling Department of Ivy Cosmetics Company are $0.60 and $0.25, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials Conversion Inventory in process, beginning of period 2,400 Started and completed during the period 62,000 62,000 Transferred out of Filling (completed) 62,000 64,400 Inventory in process, end of period 10,000 2,500 Total units to be assigned costs 72,000 66,900 The beginning work in process inventory had a cost of $4,500. Determine the cost of completed and transferred-out production and the ending work in process inventory. Completed and transferred out of production $ Inventory in process, ending

Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 2,300 ounces in beginning work in process inventory (80% complete). During the period, 32,300 ounces were completed. The ending work in process inventory was 2,900 ounces (20% complete). What are the total equivalent units for conversion costs? X units Feedback Check My Work Are you determining the equivalent units of materials added or of conversion of materials? When would materials typically be added in the process? When would conversion of these materials take place? Recall the definition of work in process.

Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 7,220 tons in beginning work in process inventory (50% complete) on October 1. During October, 72,200 tons were completed. The ending work in process inventory on October 31 was 3,610 tons (90% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit. units

Equivalent Units of Production The Converting Department of Girders Company uses the weighted average cost (WAC) method and had 3,500 units in work in process that were 60% complete at the beginning of the period. During the period, 24,900 units were started and 25,200 units were completed and transferred to the Packing Department. There were 3,200 units in process that were 30% complete at the end of the period. a. Determine the number of units to be accounted for and to be assigned costs for the period. Whole Units Units to be accounted for Units to be assigned costs b. Determine the number of equivalent units production for the period. 27,000 X Feedback. 24,900 X 27,000 X Check My Work (a) Recall that the numberof units to be accounted for is the sum of the units in beginning work in process and the units started during the period. Also know that the number of units to be assigned costs s the sum of the units transferred to the Packing Department during the period and the ending…

Equivalent Units of Production The Converting Department of Worley Company had 840 units in work in process at the beginning of the period, which were 60% complete. During the period, 17,600 units were completed and transferred to the Packing Department. There were 960 units in process at the end of the period, which were 75% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Worley Company Number of Equivalent Units of Production Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total Whole Units Direct Materials Conversion Equivalent Units Equivalent Units

Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 8,448 tons in beginning work in process inventory (80% complete) on October 1. During October, 70,400 tons were completed. The ending work in process inventory on October 31 was 3,520 tons (50% complete). What are the total equivalent units for conversion costs?

Central Company has gathered the following information. Production and Manufacturing Costs Units in beginning work in process Units started into production Units in ending work in process Percent complete for conversion costs in ending work in process Costs incurred: Equivalent Units and Cost Information Direct materials Direct labor Overhead $522,500 O $665,000 $602,000 $366,800 Materials are added at the beginning of the process, meaning 100% of the materials are allocated to Ending Work in Process. How much of the cost is assigned to units transferred? Cost & Completion % $659,400 25,000 115,000 30,000 40% $175,000 $235,400 $191,600

Pharoah Company has gathered the following information. All materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. Units in beginning work in process 22,400 Units started into production 183, 680 Units in ending work in process 26,880 Percent complete in ending work in process: Conversion costs 60 % Materials 100 % Cost of beginning work in process, plus costs incurred during the period: Direct materials $103, 040 Direct labor $184,576 Overhead $206, 080