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:

Intimate Partner Violence

Acts of violence or aggression conducted by a current or former intimate partner.

Coercive Behaviors

Actions intended to pressure, manipulate, or force someone into doing something against their will.

Assaultive Behaviors

Actions that threaten or cause physical harm to another person, often indicative of underlying aggression or psychological issues.

Coercive Behavior

Actions that are intended to force or intimidate someone into behaving in an involuntary manner through use of threats, intimidation, or some other form of pressure or force.