The Inventory at June 1 and Costs Charged to Work

question 78

Short Answer

The inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows: During June, 32,000 units were placed into production and 31,200 units were completed, including those in inventory on June 1. On June 30, the inventory of work in process consisted of 4,600 units which were 85% completed. Inventories are costed by the first-in, first-out method and all materials are added at the beginning of the process.
Determine the following: Round unit cost data to four decimal places, i.e., $4.4444, to minimize rounding differences).
a) Equivalent units of production for conversion cost
b) Conversion cost per equivalent unit
c) Total and unit cost of finished goods started in prior period and completed in the current period
d) Total and unit cost of finished goods started and completed in the current period
e) Total cost of work in process inventory, June 30

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Definitions:

Peak Moment

The highest or most intense point in an experience or series of events, often marked by a heightened sense of achievement or pleasure.

Childbirth Experience

The process and experience of giving birth to a baby, including the labor, delivery, and immediate postpartum period.

First Contraction

In the context of childbirth, the initial tightening and relaxation of the uterus marking the beginning of labor.

Birthing Pain

The intense physical discomfort experienced by a woman during the labor and delivery process.