Transferred-In Cost Golding's finishing department had the following data for July: Line Item Description Transferred-In Materials Conversion Units transferred out 60,000      60,000    60,000      Units in EWIP 15,000      15,000    9,000        Equivalent units 75,000      75,000    69,000      Costs:         Work in process, July 1:

Cost of Units Transferred Out and Ending Work in Process The costs per equivalent unit of direct materials and conversion in the Rolling Department of Jabari Steel Company are $1.70 and $2.40, respectively. The equivalent units to be assigned costs are as follows: Equivalent Units Direct Materials 0 Inventory in process, October 1 Started and completed during October Transferred out of Rolling (completed) Inventory in process, October 31 Total units to be assigned costs 72,000 The beginning work in process inventory on October 1 had a cost of $2,900. Determine the cost of completed and transferred-out production, the ending work in process inventory, and the total costs assigned by the Rolling Department. Completed and transferred-out production Inventory in process, October 31 Total costs assigned by the Rolling Department 65,000 65,000 7,000 Equivalent Units Conversion 4,600 65,000 69,600 S 2,800 72,400

Prepare a Production Cost Report Troika Company The production information for Troika's Smoothing department for August is as follows: Work in process Beginning balance: materials Beginning balance: conversion Materials Labor Overhead Cost $ 1,550 2,500 7,441 14,520 7,930 Beginning units Transferred in Transferred in Transferred out Units 650 1,780 1,810 All materials are added at the beginning of the period. The ending work in process is 30% complete as to conversion. Prepare a production cost report for August for the Smoothing Department.

Gunnison Company had the following equivalent units schedule and cost information for its Sewing Department for the month of December:   Direct Materials         Conversion Costs   Units started and completed 40,000   40,000   Add: Units in beginning work in process ×                Percentage complete:                5,000 × 0% direct materials —              5,000 × 50% conversion Costs     2,500   Add: Units in ending work in process ×                Percentage complete:                10,000 × 100% direct materials 10,000   —          10,000 × 35% conversion Costs —   3,500   Equivalent units of output 50,000   46,000   Costs:                Work in process, December 1:                  Direct Material     $35,000            Conversion Costs     10,000            Total work in process     $45,000          Current costs:                  Direct Material     $400,000            Conversion Costs     184,000            Total current costs…

Costs per Equivalent Unit and Production Costs The following information concerns production in the Forging Department for November. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $33,320 of direct materials. ACCOUNT Work in Process—Forging Department ACCOUNT NO. Date Item Debit Credit Balance Debit Credit Nov. 1 Bal., 3,400 units, 70% completed     38,080       30 Direct materials, 31,000 units 294,500     332,580       30 Direct labor 28,000     360,580       30 Factory overhead 38,675   ?   399,255       30 Goods finished, ? units     ?       30 Bal., 2,700 units, 90% completed     ?       Cost per equivalent units of $9.50 for Direct Materials and $2.10 for Conversion Costs. Based on the above data, determine each of the following amounts. If required, round your interim calculations to two decimal places. Round final answers…

Work in Process—Assembly Department Bal., 3,000 units, 35% completed 7,395 To Finished Goods, 69,000 units ? Direct materials, 71,000 units @ $1.8 127,800     Direct labor 100,700     Factory overhead 39,200     Bal., ? units, 40% completed ?     Cost per equivalent units of $1.80 for Direct Materials and $2.00 for Conversion Costs.   a.  Based on the above data, determine the different costs listed below. If required, round your interim calculations to two decimal places. 1.  Cost of beginning work in process inventory completed this period $ 2.  Cost of units transferred to finished goods during the period $ 3.  Cost of ending work in process inventory $ 4.  Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.) $ b.  Did the production costs change from the preceding period?Yes  c.  Assuming that the direct materials cost per unit did not change from the preceding period, did the conversion costs per equivalent unit…

Cost per Equivalent Unit The cost of direct materials transferred into the Rolling Department of Oak Ridge Steel Company is $525,200. The conversion cost for the period in the Rolling Department is $300,800. The total equivalent units for direct materials and conversion are 2,600 tons and 4,700 tons, respectively. Determine the direct materials and conversion costs per equivalent unit. Direct materials cost per equivalent unit: $ per ton Conversion cost per equivalent unit: $ per ton

Cost of Units Completed and in Process The charges to Work in Process-Assembly Department for a period, together with information concerning production, are as follows. All direct materials are placed in process at the beginning of production. Work in Process-Assembly Department Bal., 5,000 units, 40% completed Direct materials, 118,000 units @ $1.4 Direct labor Factory overhead Bal., ? units, 20% completed 12,800 To Finished Goods, 115,000 units 165,200 255,800 99,460 Cost per equivalent units of $1.40 for Direct Materials and $3.10 for Conversion Costs. a. Based on the above data, determine the different costs listed below. 1. Cost of beginning work in process inventory completed this period 2. Cost of units transferred to finished goods during the period 3. Cost of ending work in process inventory 4. Cost per unit of the completed beginning work in process inventory (Rounded to the nearest cent.)