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1. Calculate the following: a. On March 31, the Prepping Department beginning Work-in-Process Inventory was 40% complete forPrepping Department Units to account for: Beginning work-in-process, March 31 Started in April 23,000 65,000 88,000 Total uniStarted in April 65,000 88,000 Total units to account for Units accounted for: 23,000 Completed and transferred out during Ap

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Answer #1

Requirement 1:

a. On March 31, the Prepping Department beginning work-in-process inventory was 40% complete for materials and 60% complete for conversion costs. This means that for the beginning inventory 60% of materials and 40% of the conversion costs were added during April.

Explanation:

Total - Completed in March = Completed in April
Direct materials 100% - 40% = 60%
Conversion costs 100% - 60% = 40%

b. On April, The Prepping Department ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory 40% of the materials and 45% of the conversion costs were added during April.

Explanation:

Ending work in process came from Units started during the period. So, Ending Work-in-Process Inventory was 40% complete for materials and 45% complete for conversion costs. This means that for the ending inventory 40% of the materials and 45% of the conversion costs were added during April.

Requirement 2:

EQUIVALENT UNITS
Materials Conversion costs
To complete beginning inventory:
Materials: [23,000 x 60%] 13,800 EU
Conversion costs: [23,000 x 40%] 9,200 EU
Started and Completed during the period 100% 35,000 EU 35,000 EU
Units still in ending inventory:
Materials: [30,000 x 40%] 12,000 EU
Conversion costs: [30,000 x 45%] 13,500 EU
Total Equivalent units 60,800 EU 57,700 EU
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