Process Costing

EA1.
LO 5.1 How many units were started into production in a period if there were zero units of
beginning work in process inventory, 1,100 units in ending work in process inventory, and
21,500 completed and transferred out units?
EA2.
LO 5.1 A company started a new product, and in the first month started 100,000 units. The
ending work in process inventory was 20,000 units that were 100% complete with materials and
75% complete with conversion costs. There were 100,000 units to account for, and the
equivalent units for materials was $6 per unit while the equivalent units for conversion was $8
per unit. What is the value of the inventory transferred out, using the weighted-average inventory
method?
EA3.
LO 5.3 Given the following information, determine the equivalent units of ending work in
process for materials and conversion under the weighted-average method:
• beginning inventory of 2,500 units is 100% complete with regard to materials and 60%
complete with regard to conversion
• 18,000 units were started during the period
• 17,500 units were completed and transferred
• ending inventory is 100% complete with materials and 65% complete with conversion
EA4.
LO 5.3 There were 1,700 units in beginning inventory that were 40% complete with regard to
conversion. During the month, 8,550 units were started and 9,000 were transferred to finished
goods. The ending work in process was 60% complete with regard to conversion costs, and
materials are added at the beginning of the process. What is the total amount of equivalent units
for materials and conversion at the end of the month using the weighted-average method?
EA5.
LO 5.3 A company has 1,500 units in ending work in process that are 30% complete after
transferring out 10,000 units. All materials are added at the beginning of the process. If the cost
per unit is $4 for materials and $7 for conversion, what is the cost of units transferred out and in
ending work in process inventory using the weighted-average method?