Oregon Products Inc. completed and transferred 72,000 particle board units

$23.00

Description

1. Costs per
Equivalent Unit

Oregon Products Inc. completed and transferred
72,000 particle board units of production from the Pressing Department. There
was no beginning inventory in process in the department. The ending in-process
inventory was 2,900 units, which were 3?5 complete as to
conversion cost. All materials are added at the beginning of the process.
Direct materials cost incurred was $202,230, direct labor cost incurred was
$36,705, and factory overhead applied was $18,600.

Determine the following for the Pressing
Department. Round “cost per equivalent unit” answers to the nearest
cent.

a. Total conversion
cost

$

b. Conversion cost
per equivalent unit

$

c. Direct materials
cost per equivalent unit

$

2. Equivalent Units of Production and Related Costs

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.

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Determine the following:

a.
The number of units in work in process inventory at the end of
the period.
units

b. Equivalent units of production for
direct materials and conversion. If an amount is zero or a blank, enter in
“0”.

Work in Process-Assembly Department

Equivalent Units of Production for Direct
Materials and Conversion Costs

Whole Units

Equivalent Units Direct Materials

Equivalent Units Conversion

Inventory in process, beginning

Started and completed

Transferred to finished goods

Inventory in process, ending

Total units

c.
Costs per equivalent
unit
for direct materials and conversion.

Costs Per Equivalent Unit

Direct Materials

$

Conversion

$

d.
Cost of the units started and completed during
the period.
$

3.Cost per Equivalent
Unit

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 $17,400 of direct materials.

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a. Determine the
number of units transferred to the next department.
units

b. Determine the
costs per equivalent unit of direct materials and conversion. If required,
round your answer to two decimal places.

Cost per equivalent unit of direct
materials

$

Cost per equivalent unit of conversion

$

c. Determine the
cost of units started and completed in November.
$

4.Cost of Production
Report

The debits to Work
in Process—Roasting Department for Morning Brew Coffee
Company for August 2014, together with information concerning production, are
as follows:

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All direct materials are placed in
process at the beginning of production.

a. Prepare a cost of production
report, presenting the following computations:

1
Direct materials and conversion equivalent units of production for August.

2
Direct materials and conversion costs per equivalent unit for August.

3
Cost of goods finished during August.

4
Cost of work in process at August 31, 2014.

If an amount is zero, enter in
“0”. For the cost per equivalent unit, round your answer to the
nearest cent.

Morning Brew Coffee Company

Cost of Production Report-Roasting
Department

For the Month Ended August 31, 2014

Unit Information

Units charged to
production:

Inventory in process,
August 1

Received from materials
storeroom

Total units accounted
for by the Roasting Department

Units to be assigned
costs:

Equivalent Units

Whole Units

Direct Materials (1)

Conversion (1)

Inventory in process,
August 1

Started and completed
in August

Transferred to finished
goods in August

Inventory in process,
August 31

Total units to be
assigned costs

Cost Information

Costs per equivalent
unit:

Direct Materials

Conversion

Total costs for August
in Roasting Department

$

$

Total equivalent units

Cost per equivalent
unit (2)

$

$

Costs assigned to
production:

Direct Materials

Conversion

Total

Inventory in process,
August 1

$

Costs incurred in
August

Total costs accounted
for by the Roasting Department

$

Costs allocated to
completed and partially completed units:

Inventory in process,
August 1 balance

$

To complete inventory
in process, August 1

$

$

Cost of completed
August 1 work in process

$

Started and completed
in August

Transferred to finished
goods in August (3)

$

Inventory in process,
August 31 (4)

Total costs assigned by
the Roasting Department

$

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b.
Compute and evaluate the change in cost per equivalent unit for
direct materials and conversion from the previous month (July). If required,
round your answers to two decimal places.

Increase
or Decrease

Amount

Change in direct materials cost per equivalent unit

$

Change in conversion cost per equivalent unit

$

5.Cost of Production Report

Abica Coffee
Company roasts and packs coffee beans. The process begins by placing coffee
beans into the Roasting Department. From the Roasting Department, coffee beans
are then transferred to the Packing Department. The following is a partial work
in process account of the Roasting Department at May 31, 2014:

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1. Prepare a cost of production
report, and identify the missing amounts for Work in Process—Roasting Department. If an amount
is zero, enter in a zero “0”. When computingcost per equivalent units, round to the nearest cent.

Abica Coffee Company

Cost of Production Report-Roasting
Department

For the Month Ended May 31, 2014

Unit Information

Units charged to
production:

Inventory in process,
May 1

Received from materials
storeroom

Total units accounted
for by the Roasting Department

Units to be assigned
costs:

Equivalent Units

Whole Units

Direct Materials

Conversion

Inventory in process,
May 1

Started and completed
in May

Transferred to Packing
Department in May

Inventory in process,
May 31

Total units to be
assigned costs

Cost Information

Costs per equivalent
unit:

Direct Materials

Conversion

Total costs for May in
Roasting Department

$

$

Total equivalent units

Cost per equivalent unit

$

$

Costs charged to
production:

Direct Materials

Conversion

Total

Inventory in process,
May 1

$

Costs incurred in May

Total costs accounted
for by the Roasting Department

$

Cost allocated to
completed and partially completed units:

Inventory in process,
May 1 balance

$

To complete inventory
in process, May 1

$

$

Cost of completed May 1
work in process

$

Started and completed
in May

Transferred to Packing
Department in May

$

Inventory in process,
May 31

Total costs assigned by
the Roasting Department

$

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2. Assuming that the May 1 work in process
inventory includes $5,232 of direct materials, determine the increase or
decrease in the cost per equivalent unit for direct materials and conversion
between April and May. If required, round your answers to two decimal places.

Increase or Decrease

Amount

Change in direct materials cost per
equivalent unit

$

Change in conversion cost per equivalent unit

$

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