The Sirap Co. has 400 units in beginning work in process inventory that is 20% complete....
- The Sirap Co. has 400 units in beginning work in process inventory that is 20% complete. During the month 7900 units were completed. The ending units of work in process was 1000 units 30% complete. Calculate the total equivalent units for direct materials if materials are added at the beginning of the process.
- The Sirap Co. had 400 units in beginning work in process inventory that is 30% complete for conversion costs. During the month 7900 units were completed. The ending units of work in process is 1000 units 40% complete for conversion costs. Calculate the total equivalent units for conversion costs.
Homework Answers
Answers
- Note: Since no specific method is being mentioned to use, the answers are calculated based on BOTH the methods.
- Requirement [a]
---Answer as per FIFO
|
EUP - FIFO Method |
Units |
% Material |
EUP Materials |
|
Units of ENDING WIP |
1,000 |
100.0% |
1,000 |
|
Units STARTED & COMPLETED |
7,500 |
100% |
7,500 |
|
Units of beginning WIP |
400 |
0.00% |
- |
|
Equivalent Units of Production |
8,500 ANSWER |
--Answer as per Weighted Average
|
EUP - Weighted Average Method |
Units |
% Material |
EUP Materials |
|
Units TRANSFERRED |
7,900 |
100% |
7,900 |
|
Units of ENDING WIP |
1,000 |
100% |
1,000 |
|
Equivalent Units of Production |
8,900 ANSWER |
- Requirement [B]
--Answer as per FIFO
|
EUP - FIFO Method |
Units |
% Conversion |
EUP - Conversion |
|
Units of ENDING WIP |
1,000 |
40.0% |
400 |
|
Units STARTED & COMPLETED |
7,500 |
100% |
7,500 |
|
Units of beginning WIP |
400 |
70.00% |
280 |
|
Equivalent Units of Production |
8,180 ANSWER |
--Answer as per Weighted Average method
|
EUP - Weighted Average Method |
Units |
% Conversion |
EUP - Conversion |
|
Units TRANSFERRED |
7,900 |
100% |
7,900 |
|
Units of ENDING WIP |
1,000 |
40% |
400 |
|
Equivalent Units of Production |
8,300 ANSWER |
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