Homework Answers
Solution:
| Computation of Equivalent unit of Production | |||
| Particulars | Physical Units | Material | Conversion |
| Units accounted for: | |||
| Unit completed & Transferred out | 11600 | 11600 | 11600 |
| Units in ending inventory: | 5800 | ||
| Material (100%) | 5800 | ||
| Conversion (50%) | 2900 | ||
| Equivalent units of production | 17400 | 17400 | 14500 |
| Computation of Cost per equivalent unit | |||
| Particulars | Material | Conversion | Total |
| Opening WIP | $32,000 | $44,000 | $76,000 |
| Cost Added during Period | $90,000 | $89,000 | $179,000 |
| Total cost to be accounted for | $122,000 | $133,000 | $255,000 |
| Equivalent units of production | 17400 | 14500 | |
| Cost per Equivalent unit | $7.011 | $9.172 | $16.184 |
Hence first option is correct.
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