Answer:
Equivalent units | |||
Flow of Physical Units |
Direct Materials |
Conversion Costs |
|
Units accounted for: | |||
Completed and transferred out | 116,000 | 116,000 | 116,000 |
Plus: Ending work in process, July 31 | 9,100 | 0 | 3,276 |
Total physical units accounted for | 125,100 | ||
Total equivalent units | 116,000 | 119,276 |
Explanation:
For Ending work in process,
i. Direct materials:
Given that, direct materials are added at the end of the conversion period. So, direct materials are 0% percent because conversion process is partially completed.
Equivalent units, Ending WIP = 9,100 x 0% = 0
ii. Conversion costs:
Equivalent units, Ending WIP = 9,100 x 36% = 3,276 units
Equivalent Units Flow of Physical Direct Units Materials C onversion Costs Units accounted for: Completed and...
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