1. Total cost per equivalent unit $43.60
2. Equivalent unit in ending inventory 210; 180
3. Equivalent unit in beginning inventory 320; 160
4. Cost of unit started and completed 2,700
5. Cost of ending WIP $5,334 $3,276
Total $8,612
6. Cost of the units transferred to the next department $84,828 $54,972
Total $139,800
1. Computation the total cost per equivalent unit for the month.
Total cost per equivalent unit =$ 25.40 +$ 18.20
Total cost per equivalent unit=$43.60
2. Computation for the equivalent units of material and conversion in the ending inventory.
Material Conversion
Equivalent unit in ending inventory
300×70% = 210 300×60% = 180
3) Computation for the equivalent units of material and conversion that were required to complete the beginning inventory.
Material Conversion
Equivalent unit in beginning inventory 400×80% =320 400×40% = 160
4) Computation for the number of units started and completed during the month.
Cost of unit started and completed = 3,100-420
Cost of unit started and completed= 2,700
5. Computation for the cost of ending work in process inventory for materials, conversion, and in total for the month.
Material Conversion
Cost of ending WIP
210×$25.40=5,334 180×18.20=3,276
Total =5,334+3,276
Total=$8,612
6. Computation the cost of the units transferred to the next department for materials, conversion, and in total for the month.
Material Conversion
Cost of ending WIP (3,020×$25.40+$8,120) (2,860×$18.20+$2,920)
Cost of ending WIP $84,828 $54,972
Total=$84,828 +$54,972
Total=$139,800
(2700+320=3,020)
(2,700+160=2,860)
($11,040-$8,120=$2,920)
OR
Cost of units transferred out
Material Conversion
Cost of beginning work in progress 8,120+ 2,920
Total=11,040
Cost incurred on remaining work in progress =(320×$25.40) + (160×$18.20)
Total =8,128+2,912
Total =$11,040
Cost of unit started and completed during the month=(2,700×$25.40) (2,700×$18.20)
Total=68,580+49,140
Total=117,720
Cost of the units transferred to the next department =$11,040+$11,040+117,720
Cost of the units transferred to the next department =$139,800
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