Units to be assigned costs:
Inventory in process, July 1
Started and completed in July
Transferred to Packing Department in July
Inventory in process, July 31
Total units to be assigned costs
Equivalent Units
Whole Units
Direct Materials
Conversion
6,700
0
5,360
295,300
295,300
295,300
302,000
295,300
300,660
Cost Information
Cost per equivalent unit:
Direct Materials
Conversion
Total costs for July in Roasting Department
753,750
182,628
301,500
Total equivalent units
Cost per equivalent unit
2.5
Costs assigned to production:
Direct Materials
Conversion
Total
Inventory in process, July 1
17,018
Costs incurred in July
936,378
Total costs accounted for by the Roasting
Department
953,396
Costs allocated to completed and partially
completed units:
Inventory in process, July 1 balance
17,018
To complete inventory in process, July 1
0
Cost of completed July 1 work in process
Started and completed in July