Reference no: EM132429545

Question -

Part 1) March 1, 2017, Alpha Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% used as to conversion costs. Alpha introduces direct materials at the beginning of the production process. During March, a total of 15,000 units were started and a total of 20,000 units were completed. Alpha's ending WIP inventory had 3,000 units which were 70% used as to conversion costs. Alpha uses the weighted average method. Use this information to determine for March 2017 the equivalent units of production for conversion costs.

Part 2) Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. During the month 100,000 units were started. At the end of the month all started units were 80% complete with respect to conversion. Direct Materials placed into production had a total cost of $24,000 and the total conversion cost for the month was $16,000. Alpha uses the weighted-average process costing method. Use this information to determine for the month of March:

1. The cost per equivalent unit of direct material.

2. The cost per equivalent unit of conversion.

Part 3) Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:

Direct Material $20,000

Direct Labor 8,000

Factory Overhead 32,000

Alpha uses the weighted-average process costing method. Use this information to determine for the month of March:

1. The cost per equivalent unit of direct material

2. The cost per equivalent unit of conversion

3. The cost per unit transferred to finished goods

Part 4) Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Alpha started into production 10,000 units. At the end of the month there were 5,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 40% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:

Direct Material $20,000

Direct Labor 9,000

Factory Overhead 40,000

Alpha uses the weighted-average process costing method. Use this information to determine for the month of March:

1. The total cost transferred to the finished goods inventory

2. The total cost of the ending Work in Process inventory

Part 5) Alpha Company uses the weighted-average process costing method. During the month of March the direct material equivalent unit cost was $11.00 and the conversion cost equivalent unit was $6.00. Alpha completed and transferred $119,000 of production to the finished goods inventory for the month of March. Use this information to determine the number of units that were transferred from the Work in Process.