175.The cost of energy consumed in producing good units in the Bottling Department of Mountain Springs WaterCompany was $36,850 and $39,060 for June and July, respectively. The number of equivalent units produced inJune and July was 55,000 and 62,000 liters, respectively. Evaluate the change in the cost of energy between thetwo months.
176.The inventory at June 1 and costs charged to Work in Process—Department 60 during June are as follows:
3,800 units, 80% completed ($25,000 materials, $35,400 conversion) $ 60,400Direct materials, 32,000 units 368,000
Direct labor244,000
Factory overhead 188,000
Total cost to be accounted for$860,400
During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventoryon June 1. On June 30, the inventory of work in process consisted of 4,600 units which were 40% completed.Inventories are costed by the average cost method and all materials are added at the beginning of the process.
Determine the following, presenting your computations:
(a)Equivalent units of production for conversion cost
(b)Conversion cost per equivalent unit and material cost per equivalent unit.
(c)Total and unit cost of finished goods completed in the current period
(d)Total cost of work in process inventory at June 30