production departments: Forming and Finishing. The following information is provided regarding the Forming department.
Month Ended July 31
Beginning work in process, July 1 — 10,000
Started into production during July — 21,000
Completed and transferred to Finishing department during July — 19,000
Ending work in process, July 31 (40% complete as to direct materials and 45% complete as to conversion costs) — 12,000
Beginning work in process as of July 1 consists of $13,000 of direct materials costs and $6,500 of conversion costs) — $19,500
Direct materials used in July — $34,000
Conversion costs incurred in July — $14,850
(a) Calculate the equivalent units for direct materials. (Show your work)
(b) Calculate the cost per equivalent unit for direct materials. (Show your work)
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