Question

throughout the manutacturing process, brite laeas uses process costing and naa the tollowing unıt production intormation availabie tor the months of June and July. Number of lamps in beginning work in process Lamps transferred to finished goods Number of lamps in ending work in process 90 1,183 5,880 4,680 1,180880 In June, the lamps in beginning work in process were epproximately 90 percent complete, while those in ending work in process were only 30 percent complete. In July the units remaining in ending work in pr ocess were 80 percent complete. All lamps in ending work ces in process are finished during the next month Required e. For the month of June, calculate the equivalent units of production for the three major cost categories-body materials, wiring materials, and labor and overhead For the month of July, calculate the equivelent units of production for the three major cost categories-body materials, wiring materials, and labor and overhead Cost Categories Units a. June Body materials Wiring materials Labor & Overhead b July Body materials Wiring materials Labor & Overhead

Answer 1

CALCULAITON OF THE EQUIVALENT UNITS OF PRODUCTION IN THE MONTH OF JUNE
Particulars	Units	% Complete	Equivalent Units
Opening Inventory (Pending for completion)	900	10%	90
Add: Lamps Transferred to Finished Goods	5000	100%	5000
Ending , Work-in-process	1100	30%	330
Total Equivalent units			5420
Total Equivalent units in the month of June
Cost Categories
Body Materials	5420	Units
Wiring materials	5420	Units
Labour & Overhead	5420	Units
CALCULAITON OF THE EQUIVALENT UNITS OF PRODUCTION IN THE MONTH OF JULY
Particulars	Units	% Complete	Equivalent Units
Opening Inventory (Pending for completion)	1100	70%	770
Add: Lamps Transferred to Finished Goods	4600	100%	4600
Ending , Work-in-process	800	80%	640
Total Equivalent units			6010
Total Equivalent units in the month of June
Cost Categories
Body Materials	6010	Units
Wiring materials	6010	Units
Labour & Overhead	6010	Units