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Assignment of costs to transferred out units and ending work in process given beginning of process and period production costs.

The Blending Department of Hancock Company has the following cost and production data for the month of April.

 

Costs:
Work in process, April 1
Direct materials: 100% complete	$115,000
Conversion costs: 20% complete	80,500
Cost of work in process, April 1	$195,500

 

 

 

Costs incurred during production in April
Direct materials	$920,000
Conversion costs	416,300
Costs incurred in April	$1,336,300

 

Units transferred out totaled 16,100. Ending work in process was 1,150 units that are 100% complete as to materials and 40% complete as to conversions costs.

Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April.

 

Materials
Conversion costs

 

Compute the unit costs for the month.

 

Unit cost-Materials	$
Unit cost-Conversion costs	$

 

Determine the costs to be assigned to the units transferred out and in ending work in process.

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