I need help in cost and managerial accounting homework. I missed two classes back to back and I am totally...

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process_costing_problem.xls
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PROBLEM

The following information is provided for the melting department of Ermoin, Inc,
Inc. for the month of July, 200X:
Inventory in process, July 1, 500 tons:
Direct materials cost for 500 tons 3,200
Conversion costs for 500 tons, 30% completed 4,365
Total Inventory in Process, July 1 7,565
Direct materials cost for July, 16,000 tons 101,980
Conversion costs for July 468,930 578,475
Goods finished in July (includes units in process
on July 1), 16,100 tons -
20% completed as to conversion costs - - 0
I. Determine Units to be assigned costs:
Beginning Inventory
Started & Completed
Transferred Out
Ending Inventory
Total
II. Determine Equivalent Units:
Whole % Material Equiv Units Whole % Material Equiv Units
Direct Materials: Units Added for DM Conversion Costs: Units Added for Conv Cost
Beginning Inventory Beginning Inventory
Started & Completed Started & Completed
Transferred Out
Ending Inventory Ending Inventory
Total: Total:
III. Determine Cost Per Equivalent Unit:
Direct Materials
Conversion Costs
IV. Allocate Costs: Direct
Materials Conversion Total
Costs Costs Costs
Inventory in process, July 1 balance
Equivalent units for completing the July 1
in-process inventory
Equivalent unit cost
Cost of July 1 in-process inventory transferred to Casting
Total Beginning Inventory
Units started & completed in July
Equivalent unit cost
Cost to complete the units started & completed in July
Total Started & Completed
Total Transferred Out:
Equivalent units in ending inventory
Equivalent unit cost
Cost of ending inventory
Complete the table & compute the cost of goods finished in July & inventory in process @ 7/31/0X