Question

The following uit data were a bled for the assembly process of the Super Co. for the mouth of June Dirt materials are added at the beginning of the process. Conversion costs are added uniformly over the production process. The company uses the FIFO process Beginning work in process Units 5.000 Units started in September Ending work in process (30N complete) 48,000 4,000 a. 48,000 35. The number of equivalent units produced with respect to direct materials costs is: b. 49,000 c. 43,000 d. 3.000 Carmelita Inc., has the following information available: Costs from Beginning Inventory Costs from Current Period Direct materials Conversion Costs $2,500 6,200 $22,252 150,536 36. At the beginning of the period, there were 500 units in process that were 60 percent complete as to conversion costs and 100 percent complete as to direct materials costs. During the period 4,500 units were started and completed. Ending inventory contained 340 units that were 30 percent complete as to conversion costs and 100 percent complete as to materials costs. (Assume that the company uses the FIFO process cost method.) The equivalent units of production for direct materials and conversion costs, respectively, were a. 5,340 for direct materials and 4,902 for conversion costs. b. 4,840 for direct materials and 4,802 for conversion costs. c. 4,602 for direct materials and 4,802 for conversion costs. d. 4,902 for direct materials and 4,802 for conversion costs. The portion of whole units that were completed with respect to either materials or conversion costs within a given accounting period is the definition of units started and completed equivalent units. conversion costs ending work in process.

Answer 1

35) Equivalent unit of material = (5000*0%+44000+4000*100%) = 48000

So answer is a) 48000

36) Equivalent unit of material = 4500+340 = 4840

Equivalent unit of conversion = (500*40%+4500+340*30%) = 4802

So answer is b) 4840 for direct materials and 4802 for conversion

37) The portion of whole units that were completed with respect to either materials and conversion costs within a given accounting period is the definition of

so answer is b) Equivalent units