Question

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Equivalent Units of Production The Converting Department of Hopkinsville Company had 1,040 units in work in process at the beginning of the period, which were 40% complete. During the period, 21,600 units were completed and transferred to the Packing Department. There were 1,160 units in process at the end of the period, which were 40% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Hopkinsville Company Number of Equivalent Units of Production Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total

Answer 1

Solution

HOPKINSVILLE COMPANY
Number of Equivalent units of Production
	Whole Units	Direct material Equivalent units	Conversion Equivalent units
Inventory In process, Beginning	1040	-	624
Started And Completed	20560	20,560	20,560
Transferred to packing Department	21,600	20,560	21,184
Inventory in Process,Ending	1160	1,160	464
Total	22,760	21,720	21,648

Working

STEP 1 (FIFO)
Reconciliation of Units
	Units	% already completed		% completed this period
		Material	Conversion cost	Material	Conversion cost
Beginning WIP	1,040	100%	40%	0%	60%
Units introduced	21,720
Total units to be accounted for	22,760
Completed and Transferred unit	21,600	0%	0%	100%	100%
Ending WIP	1,160	0%	0%	100%	40%

.

STEP 2 (FIFO)
Equivalent Units
	Total Units	Material		Conversion cost
Units Transferred:		% completed this period	Equivalent Units	% completed this period	Equivalent Units
From WIP	1,040	0%	-	60%	624
From units started/Introduced	20,560	100%	20,560	100%	20,560
Total	21,600		20,560		21,184
	Total Units	Material		Conversion cost
Ending WIP		% completed this period	Equivalent Units	% completed this period	Equivalent Units
Total	1,160	100%	1,160	40%	464
Total EUP	22,760		21,720		21,648