Sigua Sugar, Inc. in Florida has six processing departments for refining sugarlong dash—Affination, Carbonation, Decolorization, Boiling,...
Sigua Sugar, Inc. in Florida has six processing departments for refining
sugarlong dash—Affination,
Carbonation, Decolorization, Boiling, Recovery, and Packaging. Conversion costs are added evenly throughout each process. Data from the month of August for the Decolorization Department are as follows:
|
Metric Tons |
|
|
Beginning Work-in-Process Inventory |
0 |
|
Transferred in production |
12,200 |
|
Completed and transferred out to Boiling in August |
7,200 |
|
Ending Work-in-Process Inventory |
5,000 |
|
Costs |
|
|
Beginning Work-in-Process Inventory |
$0 |
|
Costs added during August |
|
|
Direct materials |
2,100,000 |
|
Direct labor |
1,030,000 |
|
Manufacturing overhead |
600,000 |
|
Total costs added during August |
$3,730,000 |
The ending Work-in-Process Inventory is 100% and 70% complete with respect to direct materials and conversion costs, respectively. Compute the equivalent units of production (EUP) for direct materials and for conversion costs for the month of August. The weighted-average method is used.
Homework Answers
Solution
| Pulping | Conversion | |
| Equivalent Units of Production | 12,200 | 10,700 |
Working
| Statement of Equivalent Units(Weighted average) | |||||||
| Pulping | Conversion cost | ||||||
| Units | Complete % | Equivalent units | Complete % | Equivalent units | |||
| Transferred | 7,200 | 100% | 7,200 | 100% | 7,200 | ||
| Closing WIP | 5,000 | 100% | 5,000 | 70% | 3,500 | ||
| Total | 12,200 | Total | 12,200 | Total | 10,700 | ||
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Sigua Sugar, Inc. in Florida has six processing departments for
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painting. The company uses the weighted-average method of process
costing. At the beginning of the month, the forming department has
27,000 units in inventory, 65% complete as to materials and 35%
complete as to conversion costs. The beginning inventory cost of
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of conversion costs.
During the month, the forming department started 360,000 units. At
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