Homework Answers
a-1 Equivalent units = Units in beginning WIP x (100% - Completion) + Units started and completed + Units in Ending WIP x Completion
Units started and completed = 407000 - 107000 = 300000
units
Ending WIP = 107000 + 547000 - 407000 = 247000 units
Equivalent units for conversion = 107000 x (100%-80%) + 300000 + 247000 x 50% = 444900 units
a-2
Equivalent cost per unit = Cost added / Equivalent units
= $2357970 / 444900 = $5.30 per unit
a-3
Conversion cost of ending WIP = 247000 x 50% x $5.30 = $654550
b
Conversion cost per unit = $406600 / (107000 x 80%) = $4.75 per
unit
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