Process costing with equivalent units and beginning inventory
The records of Westminster Manufacturing Company for the month of May show the following costs in Department A: The beginning inventory for May consisted of 10,000 units which were 80% complete as to direct materials and 60% complete as to labor and overhead.A total of 100,000 units were completed and transferred out during May,and 20,000 units remained in the work in process inventory.The ending inventory was 80% complete as to direct materials and 40% complete as to labor and overhead.Compute the following:
(a)Direct materials cost per equivalent unit: $_______________
(b)Equivalent units of production for direct labor and overhead: ________________
(c)Total cost of 100,000 units completed: $________________
(d)Total cost of 20,000 units in process at the end of the month: $________________

Question

Process costing with equivalent units and beginning inventory
The records of Westminster Manufacturing Company for the month of May show the following costs in Department A:  The beginning inventory for May consisted of 10,000 units which were 80% complete as to direct materials and 60% complete as to labor and overhead.A total of 100,000 units were completed and transferred out during May,and 20,000 units remained in the work in process inventory.The ending inventory was 80% complete as to direct materials and 40% complete as to labor and overhead.Compute the following:
(a)Direct materials cost per equivalent unit: $_______________
(b)Equivalent units of production for direct labor and overhead: ________________
(c)Total cost of 100,000 units completed: $________________
(d)Total cost of 20,000 units in process at the end of the month: $________________

Quizplus · Accepted Answer

The Answer of Process costing with equivalent units and beginning inventory
The records of Westminster Manufacturing Company for the month of May show the following costs in Department A:  The beginning inventory for May consisted of 10,000 units which were 80% complete as to direct materials and 60% complete as to labor and overhead.A total of 100,000 units were completed and transferred out during May,and 20,000 units remained in the work in process inventory.The ending inventory was 80% complete as to direct materials and 40% complete as to labor and overhead.Compute the following:
(a)Direct materials cost per equivalent unit: $_______________
(b)Equivalent units of production for direct labor and overhead: ________________
(c)Total cost of 100,000 units completed: $________________
(d)Total cost of 20,000 units in process at the end of the month: $________________

Process Costing with Equivalent Units and Beginning Inventory