Homework Answers
Requirement 1
| Physical units | |
| Units | |
| Units to account for | |
| Units in beginning Work in process | 40000 |
| Units started | 120000 |
| Total units to account for | 160000 |
| Units accounted for | |
| Units transferred | 130000 |
| Units in ending Work in process Inventory | 30000 |
| Total units accounted for | 160000 |
.Requirement 2
Equivalent units
| Transferred in | 160,000 |
| Material | 160,000 |
| Conversion cost | 151,000 |
Working
| Reconciliation of Units | ||
| A | Opening WIP | 40,000 |
| B | Introduced | 120,000 |
| C=A+B | TOTAL | 160,000 |
| D | Transferred | 130,000 |
| E=C-D | Closing WIP | 30,000 |
.
| Statement of Equivalent Units(Weighted average) | |||||||
| Transferred in | Material | Conversion cost | |||||
| Units | Complete % | Equivalent units | Complete % | Equivalent units | |||
| Transferred | 130,000 | 100% | 130,000 | 100% | 130,000.0 | 100% | 130,000 |
| Closing WIP | 30,000 | 100% | 30,000 | 100% | 30,000.0 | 70% | 21,000.00 |
| Total | 160,000 | 160,000 | Total | 160,000.0 | Total | 151,000 | |
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please answer the followinf question.
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