The following data pertain to the Vesuvius Tile Company for July.
Work in process, July 1 (in units)..................................................................................... 20,000
Units started during July........................................................................................... ?
Total units to account for.................................................................................................. 65,000
Units completed and transferred out during July............................................................... ?
Work in process, July 31 (in units)..................................................................................... 15,000
Total equivalent units: direct material................................................................................ 65,000
Total equivalent units: conversion....................................................................................... ?
Work in process, July 1: direct material........................................................................... $164,400
Work in process, July 1: conversion ............................................................................................ ?
Costs incurred during July: direct material .................................................................................. ?
Costs incurred during July: conversion ............................................................................. 659,400
Work in process, July 1: total cost ................................................................................... 244,200
Total costs incurred during July ..................................................................................... 1,031,250
Total costs to account for .............................................................................................. 1,275,450
Cost per equivalent unit: direct material ................................................................................. 8.25
Cost per equivalent unit: conversion ........................................................................................... ?
Total cost per equivalent unit ............................................................................................... 21.45
Cost of goods completed and transferred out during July ......................................................... ?
Cost remaining in ending work-in-process inventory: direct material........................................... ?
Cost remaining in ending work-in-process inventory: conversion ...................................... 79,200
Total cost of July 31 work in process ............................................................................... 202,950
Additional Information:
a.Direct material is added at the beginning of the production process, and conversion activity occurs uniformly throughout the process.
b.The company uses weighted-average process costing.
c.The July 1 work in process was 30 percent complete as to conversion.
d.The July 31 work in process was 40 percent complete as to conversion.
Required:
Compute the missing amounts, and prepare the firm s July production report.