Question

Vaughn Company has gathered the following information. 20,300 191,700 25,700 60 % Units in beginning work in process Units started into production Units in ending work in process Percent complete in ending work in process: Conversion costs Materials Costs incurred: Direct materials Direct labor Overhead 100 % $ 106,000 $236,312 $187,300 Your answer is partially correct. Try again. Compute equivalent units of production for materials and for conversion costs. Materials Conversion Costs The equivalent units of production T 212000 2017201

Answer 1

Answer: completed units e beginning work in process + started into production - Ending work in process. = 20300 +191700 – 25.700 ::completed ciuits = 186,300 units. A) Equivalent cerits Material = completed cenils t anito in ending work in process = 186,300 + 25,700 = 212,000 conversion costs = 186,300 +(25,700x60%) di conversion costs - 201,720 B) Determine the unit costs of production : Material = $106.000/212,000 = $0.50 perces Conversion=6$ 236312 + $187,300)/201720 =$2.10 c) The adjustments of costs to crits transferred out and in procent Quils transferred out = 186,300 x $0,5+$2.10) = $484380 Units in ending work in process = 25,700 x $0.50 =$12,850 -(25700 x 60%) x $2.10 = $32,382 Ending work in process =($32,382+$ 12,850-$45234