Question Details

(Solved by Expert Tutors) Question 1:Blue-Red Company started 7,400 units during the month of Marc

work in process inventory and 2,880 units in the ending work in process inventory. Calculate units completed and transferred out during March.

Question 2:

Montreal Manufacturing Inc. has the following cost and production data for the month of April.

Beginning WIP
Started in production
Completed production
Ending WIP

The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of process.

Costs pertaining to the month of April are as follows:

Beginning inventory costs are:
???? Materials $64,100
???? Direct labour 20,500
???? Factory overhead 14,200
Costs incurred during April include:
???? Materials $572,000
???? Direct labour 190,200
???? Factory overhead 389,007
Calculate the equivalent units of production for materials and conversion costs for the month of April using the first-in, first-out (FIFO) method.

Materials Conversion costs
Total?equivalent units

Calculate the unit costs for the month.?(Round unit cost to 3 decimal places, e.g. 15.256.)

Unit costs
Conversion Costs
The unit costs for the month

Determine the costs to be assigned to the units transferred out and in ending work in process.?(Round answers to 0 decimal places, e.g. 5,275.)

Total Material Conversion
Beginning Inventory $ $ $
Complete beginning WIP
Started and completed
Cost for units transferred out $ $ $
Ending work in process
Total costs $ $ $

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