Question

The Cutting Department of Cassel Company has the following production and cost data for July. 1. 2. Production Transferred out 13,500 units. Started 4,100 units that are 60% complete as to conversion costs and 100% complete as to materials at July 31. Costs Beginning work in process Materials Labor Manufacturing overhead $0 66,880 16,304 22,000 Materials are entered at the beginning of the process. Conversion costs are incurred uniformly during the process. (a) Determine the equivalent units of production for (1) materials and (2) conversion costs. Materials Conversion Costs Total equivalent units of production

Answer 1

UNITS TO ACCOUNT FOR:
Beginning Work in Process units			0
Add: Units Started in Process			17,600
Total Units to account for:			17,600
UNITS TO BE ACCOUNTED FOR:
Units started and completed			13,500
Ending Work in Process			4,100
Total Units to be accounted for:		17,600
Equivalent Units:
			UNITS	Material Cost	Conversion
				% Completion	Units	% Completion	Units
Units started and completed	13500	100%	13,500	100%	13,500
Ending Work in Process	4100	100%	4,100	60%	2,460
Total Equivalent units	17600		17,600		15,960
			Material	Conversion
Total Equivalent units	17,600	15,960