The Microprocessor Manufacturing Company Produces a Single Product in a Single

question 152

Essay

The Microprocessor Manufacturing Company produces a single product in a single processing department. The material is added when 25% of the conversion costs have been added.
The Work-in-Process Inventory account on April 30 includes the following information:
$$\begin{array} { l r } \text { Beginning balance } & \$1,382 \\\text { Material } & 5,325 \\\text { Labor } & 10,863 \\\text { Overhead } & 15,012\end{array}$$
During the month, the company finished and transferred 72,000 units out of the Work-in-Process Inventory. 9,000 units were in process at the beginning of the month, which were 40% complete. 8,000 units were in process at the end of the month, which were 70% complete. The company uses first-in, first-out (FIFO) process costing.
Required (use 4 decimal places for computations):
(a) Compute the equivalent units of production (EUP) for materials and conversion costs in April.
(b) Compute the unit material costs and unit conversion costs for April.
(c) Compute the total cost transferred out of the Work-in-Process Inventory during the month of April.
(d) Compute the cost of the ending inventory for April.

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