Question

The Converting Department of Hopkinsville Company had 560 units in work in process at the beginning of the period, which were 70% complete. During the period, 11,600 units were completed and transferred to the Packing Department. There were 640 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 560 11,040 11,040 11,040 Started and completed Transferred to Packing Department 11,040 11,600 640 640 256 Inventory process, ending 12,240 11,680 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	560	-	168
Started And Completed	11040	11,040	11,040
Transferred to packing Department	11,600	11,040	11,208
Inventory in Process,Ending	640	640	256
Total	12,240	11,680	11,464

Working

STEP 1 (FIFO)
Reconciliation of Units
	Units	% already completed		% completed this period
		Material	Conversion cost	Material	Conversion cost
Beginning WIP	560	100%	70%	0%	30%
Units introduced	11,680
Total units to be accounted for	12,240
Completed and Transferred unit	11,600	0%	0%	100%	100%
Ending WIP	640	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	560	0%	-	30%	168
From units started/Introduced	11,040	100%	11,040	100%	11,040
Total	11,600		11,040		11,208
	Total Units	Material		Conversion cost
Ending WIP		% completed this period	Equivalent Units	% completed this period	Equivalent Units
Total	640	100%	640	40%	256
Total EUP	12,240		11,680		11,464