09 Apr Goode Company has the

Goode Company has the following production data for selected months.

						Ending Work in Process
Month		Beginning Work in Process		Units Transferred Out		Units		% Complete as to Conversion Cost
January		-0-		40,560		10,900		45	%
March		-0-		42,800		9,100		70	%
July		-0-		47,270		17,400		20	%

Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process.

		Materials		Conversion Costs
January		?		?
March		?		?
July		?		?

Brief Exercise 3-6

Trek Company has the following production data for April: units transferred out 40,740, and ending work in process 6,080 units that are 100% complete for materials and 40% complete for conversion costs. If unit materials cost is $6 and unit conversion cost is $9.

Determine the costs to be assigned to the units transferred out and the units in ending work in process.

Transferred out		$????
Ending work in process		$????

Sanderson Company has the following production data for March: no beginning work in process, units started and completed 31,560, and ending work in process 5,070 units that are 100% complete for materials and 40% complete for conversion costs. Sanderson uses the FIFO method to compute equivalent units. If unit materials cost is $7 and unit conversion cost is $14.

Determine the costs to be assigned to the units transferred out and the units in ending work in process. The total costs to be assigned are $726,642.

Transferred out ???
Ending work in process ??? Production costs chargeable to the Finishing Department in May at Kim Company are materials $7,780, labor $19,950, overhead $17,690, and transferred-in costs $67,130. Equivalent units of production are materials 20,000 and conversion costs 18,800. Kim uses the FIFO method to compute equivalent units. Compute the unit costs for materials and conversion costs. Transferred-in costs are considered materials costs. (Round answers to 2 decimal places, e.g. 2.25.) Materials cost per unit   $??? Conversion cost per unit   $???

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