Question 1:

Blue-Red Company started 7,400 units during the month of March. There were 1,880 units in the beginning work in process inventory and 2,880 units in the ending work in process inventory. Calculate units completed and transferred out during March.

Units completed and transferred out:

Question 2:

Montreal Manufacturing Inc. has the following cost and production data for the month of April.

Beginning WIP 20,000 units

Started in production 104,000

Completed production 94,300

Ending WIP 29,700

The beginning inventory was 60% complete for conversion costs. The ending inventory was 40% complete for conversion costs. Materials are added at the beginning of process.

Costs pertaining to the month of April are as follows:

Beginning Inventory cost are:

Materials $64,100

Direct labour 20,500

Factory overhead 14,200

Cost incurred in April include:

Materials $57200

Direct labour 190,200

Facotry Overhead 389,007

A: Calculate the equivalent units of production for materials and conversion costs for the month of April using the first-in, first-out (FIFO) method.

B: Calculate the unit cost for the month

C: Determine the costs to be assigned to the units transferred out and in ending work in process.