Reference no: EM132465353

Alpha Company had the following information for FY 2017:

Work in Process - 1/1/17                      100,000 units

Units Started into Production              575,000 units

Work in Process - 12/31/17                75,000 units

Direct Material put into Production         $575,000

Conversions Costs put into Production  $843,750

1. The beginning work in process was 100% completed to direct materials and 75% completed to conversion costs.
2. The ending work in process was 100% completed to direct materials and 50% completed to conversion costs

The beginning work in process consisted of:

Direct Material               $100,000

Conversion Costs           $112,500

Question 1: Alpha Company uses the weighted-average method. Use this information to determine for FY 2017: (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)

Problem Point 1. the equivalent units of production for direct materials

Problem Point 2. the cost per equivalent unit for materials

Problem Point 3. the equivalent units of production for conversion

Problem Point 4. the cost per equivalent unit for conversion

Problem Point 5. the cost that should be assigned to Alpha' work in process inventory at the end of FY 2017