Process Costing with Equivalent Units and Beginning Inventory

question 30

Essay

Process costing with equivalent units and beginning inventory
The records of Westminster Manufacturing Company for the month of May show the following costs in Department A: The beginning inventory for May consisted of 10,000 units that were 80% complete as to direct materials and 60% complete as to labor and overhead.A total of 100,000 units were completed and transferred out during May,and 20,000 units remained in the work in process inventory.The ending inventory was 80% complete as to direct materials and 40% complete as to labor and overhead.Compute the following:
(a)Direct materials cost per equivalent unit: $________
(b)Equivalent units of production for direct labor and overhead: ________
(c)Total cost of 100,000 units completed: $________
(d)Total cost of 20,000 units in process at the end of the month: $________

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Definitions:

Respiratory Diseases

Medical conditions that affect the lungs and other parts of the respiratory system, hindering breathing.

Chronic Pulmonary Disease

A term usually referring to chronic obstructive pulmonary disease (COPD), a chronic inflammatory lung disease that causes obstructed airflow from the lungs.

Central Nervous System

The principal part of the nervous system, comprising the brain and the spinal cord, responsible for processing and sending out information.

Hardiness

A personal characteristic involving a set of three related personality traits: commitment, control, and challenge, which helps individuals cope with stress.