A company uses a process cost accounting system. Its Assembly Department's beginning inventory consisted of 50? A company uses a process cost accounting system. Its Assembly Department's beginning inventory consisted of 50,000 units, 1/4 complete with respect to direct labor and overhead. The department started and finished 120,000 units this period. The ending inventory consists of 40,000 units that are 1/4 complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. What are the equivalent units of production for the Sewing Department for direct material and for direct labor and overhead, respectively.

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We won't do your homework for you, but we will check your work and give you guidance. To get you started, as the problem says you will have to show the equivalent for materials and those for direct labor and overhead. Equivalent units are a way to express partially completed units in terms of stage of completion. To calculate equivalent units for a process for an accounting period, the number of incomplete units is multiplied by the stage of completion at the end of the accounting period.

If you look at materials, you know that they are entered at the beginning of production. At the end of last period, there were 50,000 units in process (as there are 50,000 units in the beginning of the period). Since material is entered at the beginning, 100% of the material had been added and the equivalent units for material for last period were 50,000 plus the amount of units started and finished. Using this info, how would you now calculate equivalent units for material for this period? If you show your work, we'll let you know if you are understanding. Once you understand materials, I think you will understand how to calculate equivalent materials for labor and overhead.

Avery Corporation's northwestern factory provided the following information for the last calendar year: Beginning inventory: Direct materials $50,800 Work in process: $58,500 Ending inventories: Direct materials: $21,500 Work in process: $23,500
During the year, direct materials purchase amounted to $150,000, direct labor cost was $200,000, and overhead was $234,700. There were 100,000 units produced. Calculate the total cost of direct materials used. Calculate the cost of goods manufactured. Calculate unit manufacturing cost. Of the unit manufacturing cost calculated assume $1.70 is direct materials and $3.24 is overhead. What is the prime cost per unit? Conversion cost per unit?