Question

Required information Use the following information for the Exercises below. The following information applies to the questions displayyed below During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 73,000 were in process in the production department at the beginning of April and 292.000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25 % complete with respect to conversion. At the end of April, 95,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. Exercise 16-8 Weighted average: Computing equivalent units of production LO C2 1. Compute the number of units transferred to finished goods. 2. Compute the number of equivalent units with respect to both materials used and conversion used in the production department for April using the weighted-average method.

Answer 1

Units transferred out= 365000

Requirement 2

Equivalent units of production with respect to conversion-Weighted average method
	Units	% Material	EUP-Material	% conversion	EUP-Conversion
Units Completed and transferred out	365000	100%	365000	100%	365000
Ending work in process-Units	95000	85%	80750	35%	33250
Total	460000		445750		398250