Answer:
a. What are the total equivalent units for direct materials?
152,400 units
b. What are the total equivalent units for conversion costs?
129,700 units
c. What is the cost per equivalent unit for direct materials?
Total Direct Materials Cost
$495,300
Cost per equivalent unit = Total Direct Materials Cost / total equivalent units for direct materials
$3.25
d. What is the cost per equivalent unit for conversion costs?
Total conversion costs
$324,250
Cost per equivalent unit = Total conversion costs / total equivalent units for conversion
$2.50
e. What is the total cost of units completed and transferred out?
$615,250
f. What is the total cost of units remaining in ending WIP?
$204,300
Explanation:
a. What are the total equivalent units for direct materials?
Completed and Transferred (107,000 × 100%) = 107,000 units
Ending Work In Process (45,400 × 100%) = 45,400 units
Total equivalent units = 152,400 units
b. What are the total equivalent units for conversion costs?
Completed and Transferred (107,000 × 100%) = 107,000 units
Ending Work In Process (45,400 × 50%) = 22,700 units
Total equivalent units = 129,700 units
c. What is the cost per equivalent unit for direct materials?
Total Direct Materials Cost
Beginning Work In Process $53,200
Added $442,100
Total Direct Materials $495,300
Cost per equivalent unit = Total Direct Materials Cost / total equivalent units for direct materials
= $495,300/ 152,400 units
= $3.25
d. What is the cost per equivalent unit for conversion costs?
Total conversion costs
Beginning Work In Process $19,600
Added $304,650
Total conversion costs $324,250
Cost per equivalent unit = Total conversion costs / total equivalent units for conversion
=$324,250/ 129,700 units
= $2.50
e. What is the total cost of units completed and transferred out?
Raw Materials ( $3.25 × 107000) = $347,750
Conversion($2.50 × 107000) = $267,500
Total $615,250
f. What is the total cost of units remaining in ending WIP?
Raw Materials ( $3.25 × 45,400) = $147,550
Conversion($2.50 × 22,700) = $56,750
Total $204,300
