Question

$125,000 Costs: Work in process, April 1 Direct materials: 100% complete Conversion costs: 20% complete Cost of work in process, April 1 Costs incurred during production in April Direct materials Conversion costs Costs incurred in April 87,500 $212,500 $1,000,000 456,250 $1,456,250 Units transferred out totaled 21.250. Ending work in process was 1.250 units that are 100% complete as to materials and 40% complete as to conversion costs. (a) Compute the equivalent units of production for (1) materials and (2) conversion costs for the month of April.

Answer 1

		Percent Complete
	Units	Materials		Equivalent units	Conversion		Equivalent units
Units completed during July and transferred to the next department	21,250	100	%	21,250	100	%	21,250
Work in process, July 31	1,250	100	%	1,250	40	%	1,250 x 40% = 500
Equivalent units of production				22,500			21,750

Equivalent units of production for material = 22,500         

Equivalent units of production for conversion = 21,750

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