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ch 16 exercise

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A production department in a process manufacturing system completed its work on 86,000 units of product and transferred them to the next department during a recent period. Of these units, 34,400 were in process at the beginning of the period. The other 51,600 units were started and completed during the period. At period-end, 17,800 units were in process.

Prepare the production department’s equivalent units of production for direct materials under each of three separate assumptions using the weighted-average method for process costing.

Equivalent Units of Production (EUP)—Weighted Average Method 1. All direct materials are added to products when processing begins. Units % Materials EUP—Materials Ending work in process 17,800 Goods completed 86,000 Total 103,800 2. Beginning inventory is 40% complete as to materials and conversion costs. Ending inventory is 70% complete as to materials and conversion costs. Units % Materials EUP—Materials Ending work in process Goods completed Total 3. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending inventory is 30% complete as to materials and 60% complete as to conversion costs. Units % Materials EUP-Materials Goods completed Ending work in process Total

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