UnitsWork in Process Beginning inventory, April 1 8,000 Added to production45,000 Completed and transferred out? Ending inventory, April 30 5,000T2-5 ^Assign costs to completed units and ending Work in Process Inventory Refer to the information in T2-5. Sury also reported the following cost information in April: Costs MaterialsConversionWork in Process Beginning inventory, April 1$11,000$ 17,160 Added to production 66,380 104,000Questionsa.What was the cost per equivalent unit for materials?b.What was the cost per equivalent unit for conversion?c.What cost would be assigned to the units transferred out of Work in Process Inventory?d.What cost would be assigned to the ending Work in Process Inventory?

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Answered: Units Work in Process…

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14PA: Loanstar had 100 units in beginning inventory before starting 950 units and completing 800 units....

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Question

	Units
Work in Process
Beginning inventory, April 1	8,000
Added to production	45,000
Completed and transferred out	?
Ending inventory, April 30	5,000

T2-5 ^

Assign costs to completed units and ending Work in Process Inventory Refer to the information in T2-5. Sury also reported the following cost information in April:

	Costs
	Materials	Conversion
Work in Process
Beginning inventory, April 1	$11,000	$ 17,160
Added to production	66,380	104,000

Questions
a.What was the cost per equivalent unit for materials?

b.What was the cost per equivalent unit for conversion?

c.What cost would be assigned to the units transferred out of Work in Process Inventory?

d.What cost would be assigned to the ending Work in Process Inventory?

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