ACCT 221 Alpha Company, on March 1, 2017 has a beginning Work in Process inventory of zero

<strong>ACCT</strong> <strong>221</strong> <strong>Alpha</strong> <strong>Company</strong>, on March
1, 2017 has a beginning Work in
Process inventory of zero
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1) <strong>Alpha</strong> <strong>Company</strong>, 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, <strong>Alpha</strong> 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
<strong>Alpha</strong> uses the weighted-average process costing method. Use this information to determine for the month of
March: (Round & enter final answers to the nearest penny.)
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
2) <strong>Alpha</strong> <strong>Company</strong>, 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, <strong>Alpha</strong> 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
<strong>Alpha</strong> uses the weighted-average process costing method. Use this information to determine for the month of
March: (Round & enter final answers to the nearest whole dollar.)
1. the total cost transferred to the finished goods inventory
2. the total cost of the ending Work in Process inventory