# Vesuvius

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 transfered 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

Cost remaining in ending
work-in-process inventory,
direct material: \$123,750
Total cost of July 31 work in
process: \$202,950

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 Question to Solve:
Compute the missing amounts, and prepare the firmâ€™s July production report