Equivalent unit of production

Calculate the Equivalent Units of Production (EUP) Using the data from the image: Completed and Transferred Out: Direct Materials: 411 , 000 × 100 % = 411 , 000 411,000 \times 100\% = 411,000 411 , 000 × 100% = 411 , 000 Conversion: 411 , 000 × 100 % = 411 , 000 411,000 \times 100\% = 411,000 411 , 000 × 100% = 411 , 000 Ending Work in Process: Direct Materials: 40 , 000 × 80 % = 32 , 000 40,000 \times 80\% = 32,000 40 , 000 × 80% = 32 , 000 Conversion: 40 , 000 × 30 % = 12 , 000 40,000 \times 30\% = 12,000 40 , 000 × 30% = 12 , 000 Total EUP: Direct Materials: 411 , 000 + 32 , 000 = 443 , 000 411,000 + 32,000 = 443,000 411 , 000 + 32 , 000 = 443 , 000 Conversion: 411 , 000 + 12 , 000 = 423 , 000 411,000 + 12,000 = 423,000 411 , 000 + 12 , 000 = 423 , 000 Calculate the Cost per Equivalent Unit of Production Using the cost data provided: Total Costs: Direct Materials: $ 1 , 683 , 400 \$1,683,400 $1 , 683 , 400 Conversion: $ 1 , 099 , 800 \$1,099,800 $1 , 099 , 800 EUP: Direct Materials: 443 , 000 443,000 443 , 000 Conversion: 423 , 000 423,000 423 , 000 Cost per EUP: Direct Materials: $ 1 , 683 , 400 / 443 , 000 = $ 3.80 \$1,683,400 / 443,000 = \$3.80 $1 , 683 , 400/443 , 000 = $3.80 per EUP Conversion: $ 1 , 099 , 800 / 423 , 000 = $ 2.60 \$1,099,800 / 423,000 = \$2.60 $1 , 099 , 800/423 , 000 = $2.60 per EUP Assign Costs to be Completed and Transferred Out and Ending Work in Process Using the EUP and cost per EUP: Completed and Transferred Out: Direct Materials: 411 , 000 × $ 3.80 = $ 1 , 561 , 800 411,000 \times \$3.80 = \$1,561,800 411 , 000 × $3.80 = $1 , 561 , 800 Conversion: 411 , 000 × $ 2.60 = $ 1 , 068 , 600 411,000 \times \$2.60 = \$1,068,600 411 , 000 × $2.60 = $1 , 068 , 600 Total for Completed and Transferred Out: $ 1 , 561 , 800 + $ 1 , 068 , 600 = $ 2 , 630 , 400 \$1,561,800 + \$1,068,600 = \$2,630,400 $1 , 561 , 800 + $1 , 068 , 600 = $2 , 630 , 400 Ending Work in Process: Direct Materials: 32 , 000 × $ 3.80 = $ 121 , 600 32,000 \times \$3.80 = \$121,600 32 , 000 × $3.80 = $121 , 600 Conversion: 12 , 000 × $ 2.60 = $ 31 , 200 12,000 \times \$2.60 = \$31,200 12 , 000 × $2.60 = $31 , 200 Total for Ending Work in Process: $ 121 , 600 + $ 31 , 200 = $ 152 , 800 \$121,600 + \$31,200 = \$152,800 $121 , 600 + $31 , 200 = $152 , 800 Total Costs Accounted For: Total Completed and Transferred Out: $ 2 , 630 , 400 \$2,630,400 $2 , 630 , 400 Total Ending Work in Process: $ 152 , 800 \$152,800 $152 , 800 Total Costs Accounted For: $ 2 , 630 , 400 + $ 152 , 800 = $ 2 , 783 , 200 \$2,630,400 + \$152,800 = \$2,783,200 $2 , 630 , 400 + $152 , 800 = $2 , 783 , 200

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