31) Beta Tools Ltd. experienced the following activity in its Machining Department during April. Materials are added at the beginning of the machining process.
Units:
Work in process, April 1 (80% of the way through the process)
12,800 units
Transferred in from the Casting Department during April
43,200 units
Completed during April
? units
Work in process, April 30 (70% of the way through the process)
14,400 units
Costs:
Work in process, April 1 (transferred-in costs, $32,080; direct materials costs, $32,400; and conversion costs, $32,912)
$97,392
155,520
Direct materials added during April
118,800
Conversion costs added during April
145,040
Required
1.Summarize flow of physical units and compute total equivalent units for three cost categories:
transferred-in, direct materials, and conversion costs.
2.Summarize total costs to account for and compute the cost per equivalent unit for each cost
category.
3.Assign total costs to (a) units completed and transferred to Finished Goods Inventory and
(b) units in April 30 Work in Process Inventory.
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here