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Homework Answers
QUESTION 1
Beginning Inventory + Units started = Units transferred + Ending Inventory
| Month | Beginning Inventory | + | Units started | = | Units transferred | + | Ending Inventory |
| February | 1700 | + | 24200 | = | 19100 | + | 6800 |
| June | 4500 | + | 23400 | = | 24600 | + | 3300 |
| September | 2100 | + | 26100 | = | 25600 | + | 2600 |
| December | 3100 | + | 23000 | = | 21300 | + | 4800 |
QUESTION 2
| Equivalent | Units | |
| Month | Materials | Conversion |
| February |
(19100+6800) = 25900 Units |
(19100+[6800×23%]) = 20664 Units |
| June |
(24600+3300) = 27900 Units |
(24600+[3300×40%]) = 25920 Units |
| September |
(25600+2600) = 28200 Units |
(25600+[2600×59%]) = 27134 Units |
| December |
(21300+4800) = 26100 Units |
(21300+[4800×75%]) = 24900 Units |
Equivalent units are the number of units of finished goods that would have been prepared if there are no partially completed goods in a process.
Equivalent units in conversion = Units transferred to next process + ( Units in closing work in process × percentage of completion )
Equivalent units in materials are always 100 % complete.
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