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X company manufactures canned widgets that move through various departments before being finished and the company employs process costing to account for its inventory costs. This month, Department A had 9,800 units in beginning WIP that were 100% complete as to cans, 60% complete as to other direct materials, 40% complete as to direct labor and 20% complete as to overhead.

During the months, Department A started 81,500 units into production.

Ending Department A WIP included 4,600 units 100% complete as to cans, 40% complete as to other direct materials, 20% complete as to direct labor, and 10% complete as to overhead.

Cost information for the month is as follows:

Beginning WIP: Costs Added                    During the Month:
Cans $6,535                                                 Cans $ 61,940
Other DM 6,174                                          Other DM 86,793
Direct Labor 5,594                                      Direct Labor 82,026
Overhead 1,070                                          Overhead 160,176

1)  Using Weighted Average:

                a)  What are the costs per Department A’s Equivalent Unit of Production?

                b)  What amount was allocated to Department A Ending WIP?

                c)  What amount was allocated to Department A units transferred out?

                d)  Reconcile total Department A costs to costs allocated.

 2) Using FIFO:

                a)  What are the costs per Equivalent Unit of Production?

                b)  What amount was allocated to Department A Ending WIP?

                c)  What amount was allocated to Department A units transferred out?

                d)  Reconcile total Department A costs to costs allocated.

 3) Reconcile Weighted Average and FIFO Equivalent Units

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