Homework Answers
Solution
| Material | Conversion | |
| Equivalent Units of Production | 35,000 | 27,260 |
.
Working
| Statement of Equivalent Units(Weighted average) | |||||||
| Material | Conversion | ||||||
| Units | Complete % | Equivalent units | Complete % | Equivalent units | |||
| Transferred out | 17,000 | 100% | 17,000 | 100% | 17,000 | ||
| Ending WIP | 18,000 | 100% | 18,000 | 57% | 10,260 | ||
| Total | 35,000 | Total | 35,000 | Total | 27,260 | ||
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months.
Ending
Work in Process
Month
Beginning
Work in Process
Units
Transferred Out
Units
% Complete as to
Conversion Cost
January
0
36,800
10,700
42
%
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0
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8,500
70
July
0
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21,700
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Compute equivalent units of production for materials and conversion
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process.
Materials
Conversion Costs
January
March
July
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