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could someone please let me know if this is correct?
If not please help me.
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The inventory at May 1 and the costs charged to Work in Process_ Department B during May for Star Company are as follows:
12,000 units, 2/5 completed... 62,400
From Department A, 55,000 units... 115,500
Direct Labor... 364,915
Factory overhead... 148,000

During May, all direct materials are transferred from Department A, the units in process at May 1 were completed, and of the 55,000 units entering the department all were completed except 6,000 units which were 3/4 completed. Inventories are costed by the FIFO method.

1.) Prepare a cost of production report for May.
... Whole Units... Direct Materials... Conversion
Units charged to production:
Inventory in process May 1... 12,000
Received from Department A... 55,000
Total units accounted for by Dept. B... 67,000
Units to be assigned Cost:
Inventory in process May 1 2/5 completed 12,000... 0... 7,200
Started and completed in May... 49,000... 49,000... 49,000
Tranferred to packing dept in may... 61,000... 49,000... 56,200
Inventory in process may 31, 3/4 comp... 6,000... 6,000... 4,500
Total units to be assigned cost... 67,000... 55,000... 60,700
Computations:
1.) 60% X 12,000 = 7,200
2.) 55,000 - 6,000 = 49,000
3.) 3/4 X 6,000 = 4,500
Unit Costs:
Total costs for May in Dept B... 115,500... 512,915
Total equivalent units / 55,000... / 60,700
Cost of equivalent unit... 2.1... 8.45
Cost charged to production inventory in process may... 7,200
cost incurred in may... 628,415
Total cost accounted for Dept. B... 635,615

cost allocated to completed and partially completed units:
Inventory in process May 1 Balance... 7,200
To complete inventory in process May 1... 0... 60,840... 60,840
Started and completed in May... 102,900... 414,050... 516,950
Tranfered to packing dept... 584,990
Inventory in process May 31... 12,600... 38,025... 50,625
Total cost assigned by Dept B... 635,615
Computations:
1.) 115,500 + 364,915 + 148,000 =628,415
2.) 7,200 units X 8.45 = 60,840
3.) 49,000 units X 2.1 =102,900
4.) 49,000 units X 8.45 =414,050
5.) 6,000 units X 2.1 = 12,600
6.) 4,500 units X 8.45 = 38,025