Equivalent Units of Production: Average Cost Method
Units of production data for the two departments of Continental Cable and Wire Company for May of the current fiscal year are as follows:
Drawing Department | Winding Department | |
Work in process, May 1 | 2,200 units, 45% completed | 700 units, 35% completed |
Completed and transferred to next processing department during May | 35,200 units | 34,300 units |
Work in process, May 31 | 1,700 units, 60% completed | 1,100 units, 35% completed |
Each department uses the average cost method.
a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department.
Whole units | units |
Equivalent units of production | units |
b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.
Whole units | units |
Equivalent units of production | units |
a | |||
Whole units | 36900 | units | =35200+1700 |
Equivalent units of production | 36220 | units | =35200+(1700*60%) |
b | |||
Whole units | 35400 | units | =34300+1100 |
Equivalent units of production | 34685 | units | =34300+(1100*35%) |
Equivalent Units of Production: Average Cost Method Units of production data for the two departments of...
Equivalent Units of Production: Average Cost Method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 2,150 units, 65% completed 700 units, 25% completed Completed and transferred to next processing department during July 34,400 units 33,550 units Work in process, July 31 1,600 units, 70% completed 1,100 units, 20% completed Each department uses the average cost...
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Print Item Equivalent Units of Production: Average Cost Method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department 500 units, 50% completed Work in process, July 1 350 units, 30% completed 10,950 units 800 units, 2596 Completed and transferred to next processing department during July 11,400 units 700 units, 55% completed Work in process, July 31 completed Each department uses the...
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Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 1,400 units, 55% completed 450 units, 20% completed Completed and transferred to next processing department during July 22,100 units 21,850 units Work in process, July 31 1,100 units, 65% completed 700 units, 35% completed Each department uses the Weighted average method. For each department, assume that direct...
Equivalent units of Production Units of production data for the two departments of Continental Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 5,900 units, 25% completed 1,700 units, 75% completed Completed and transferred to next processing department during November 80,800 units 80,200 units Work in process, November 30 4,500 units, 50% completed 2,300 units, 30% completed a. If all direct materials are placed in process...
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Equivalent Units of Production: Weighted average method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 900 units, 70% completed 300 units, 35% completed Completed and transferred to next 14,250 units 14,050 units processing department during July Work in process, July 31 700 units, 65%...
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