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## 09 Apr Goode Company has the

Goode Company has the following production data for selected months.

 EndingWork in Process Month BeginningWork in Process UnitsTransferred Out Units % Complete as toConversion 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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