Equivalent Units, Unit Cost, Valuation of Goods Transferred Out and Ending Work in Process The blending department had the following data for the month of March: Units in BWIP — Units completed 21,600
Units in EWIP (60% complete) 2,250
Total manufacturing costs $82,620
Required:
1. What is the output in equivalent units for March?
2. What is the unit manufacturing cost for March? Round your answer to the nearest cent.
3. Compute the cost of goods transferred out for March.
4. Calculate the value of March's EWIP.

1. Output in equivalent units for March is 22,950.

2. Unit manufacturing cost for March is $3.60

3. Cost of goods transferred out for March is $77,760

4. March's EWIP is $4,860

Explanation:

Given:

Units in BWIP — Units completed = 21,600

Units in EWIP (60% complete) = 2,250

Total manufacturing costs = $82,620

1) Units completed= 21,600

Ending work in process at 60% = 2,250 × .60 = 1,350

Output in equivalent units = 21,600 + 1,350 = 22,950

Output in equivalent units for March is 22,950.

2) Total manufacturing costs = $82,620

Equivalent units for March = 22,950

Unit manufacturing costs = Total manufacturing costs ÷ Equivalent units for March

= $82,620 ÷ 22,950 = $3.60

Unit manufacturing cost for March is $3.60

3) Manufacturing cost per unit = $3.60

Completed and transferred out units = 21,600

Cost of goods transferred out =  Manufacturing cost per unit × Completed and transferred out units

= $3.60 × 21,600 = $77,760

Cost of goods transferred out for March is $77,760

4) Ending work in progress at 60% = 2,250 × 60% = 1,350

Cost per unit = $3.60

Value of March's EWIP = Ending work in progress at 60% × Cost per unit

= 1,350 × $3.60 = $4,860

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