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Exercise 1 The Better Way Company is dedicated to making products that meet the needs of customers in a sustainable manner. Better Way is best known...

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Please help me with my homework for process costing system

My homework is already in the picture, thank you

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Exercise 1 The Better Way Company is dedicated to making products that meet the needs of customers in
a sustainable manner. Better Way is best known for its KLN water bottle, which is a BPA—free, dishwasher-safe, bubbly glass bottle in a soft silicone sleeve. The production process consists of three basic operations. In the first operation, the glass is
formed by remelting cullets (broken or refuse glass). In the second operation, the glass is
assembled with the silicone gasket and sleeve. The resulting product is finished in the final
operation with the addition of the polypropylene cap. Consulting studies have indicated that of the total conversion costs required to complete a
finished unit, the fon'ning operation requires 50%, the assembly 30% and the finishing 20%.
The following data are available for March 2016 (there is no opening inventory of any kind): Cullets purchased $52,900
Silicone purchased $17,500
Polypropylene used $4,200
Total conversion costs incurred $81,500
Ending inventory, cullets $2,500
Ending inventory, silicone $1,000
Number of bottles completed and transferred 14,000
Inventory in process at the end of the month: Units formed but not assembled 3,000 Units assembled but not finished 1,000 Required: 1. What is the cost per equivalent unit for conversion costs for KLN bottles in March 2016‘? 2. Compute the cost per equivalent unit with respect to each of the three materials:
(a) cullets, (b) silicone, and (c) polypropylene. 3. What is the cost of goods completed and transferred out?
4. What is the cost of goods formed but not assembled?
5. What is the cost of goods assembled but not finished?

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Exercise 2 Wifkey Ltd manufactures a variety of glass windows in its Perth plant. In Department A, clear
glass sheets are produced, and some of these sheets are sold as finished goods. Other sheets
made in Department A have metallic oxides added to them in Department B to form coloured
glass sheets. Some of these coloured sheets are sold, while others are moved to Department C
for etching and are then sold. The company uses operation costing. Wilkey's production costs,
applied to products in May, are given in the following table. There was no beginning or ending inventory of work in process for May. Cost category Department A Department B Department C
Direct material $450 000 $72 000 $0
Direct labour 38 000 22 000 38 000
Manufacturing overhead 230 000 68 000 73 500 Products Units
Clear glass (sold after Department A) l l 000
Unetched coloured glass (sold after 4 000
Department B)
Etched coloured glass (sold after 5 000
Department C) Department A Department B
Direct material Direct material $247 500 $0
90 000 32 000
112 500 40 000
$450 000 $72 000 Each sheet of glass requires the same steps within each operation. RJaIIi—rad; Calculate each of the following amounts: 1 Conversion cost per unit in Department A.
2 Conversion cost per unit in Department B.
3 Conversion cost per unit in Department C.
4 Cost of a clear glass sheet. 5 Cost of an unetched coloured glass sheet.
6 Cost of an etched coloured glass sheet.

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