# problems 1 blue computers began the current month with zero units of its model xfd i 4313264

Problems

1.Blue Computers began the current month with zero units of its Model XFD in work in process inventory.  During the month Blue started 2,500 units into production, completing 1,800 units by the end of the month.  Blue estimates that the 700 units still in process are 10% complete with respect to materials and conversion costs.  The company uses the weighted average method for processing costs.  Blue spent \$20,000 on materials cost and \$8,000 on conversion costs during the month.

Required:

a.Complete steps 1 through 5 of Blue’s process costing report for the month.

b.What are total equivalent units?

c.What is the total cost in Blue’s ending inventory?

d.What is the total cost in Blue’s cost of goods manufactured?

2.Blue Computers began the current month with 100 units of its Model XFD in work in process inventory.  During the month Blue started 2,500 units into production, completing 1,900 units by the end of the month.  Blue estimates that the 700 units still in process are 100% complete with respect to materials and 30% complete with respect to conversion costs.  The company uses the weighted average method for processing costs.  Blue’s beginning WIP had \$1,000 (\$900 of material cost and \$100 conversion cost) in the account and Blue spent \$20,000 on materials cost and \$8,000 on conversion costs during the month.

Required:

a.Complete steps 1 through 5 of Blue’s process costing report for the month.

b.What are total equivalent units for Blue’s conversation costs?

c.What are Blue’s total costs to account for?

d.What is Blue’s equivalent unit cost of materials?

3.Wingo’s Furniture Manufacturing Company uses the weighted average costing method and produces furniture by using an assembly-line process.  All direct materials are introduced at the start of the process.  Conversion costs are incurred evenly throughout manufacturing.  The Work-in-Process account for the current month has the following information:

 Number of units in beginning WIP inventory 900, 30% complete Value of beginning inventory \$128,300* Production started during month 3,000 units Direct material used during month \$250,000 Conversion cost incurred during month \$149,940 Number of units completed 2,000 Number of units in ending WIP inventory 1,900, 80% complete

*Consists of \$90,000 direct material and \$38,300 of conversion cost.

Required:

a. Determine the number of equivalent units in the ending work-in-process inventory for material and conversion costs.

b.Calculate the total equivalent units with respect to conversion.

c.Calculate the cost per equivalent unit with respect to conversion for the month.

d.Determine the cost of the ending work-in-process inventory.