Question

The Evanston plant of Fit for Life Foods Corporation produces low-fat salad dressing. The following data pertain to the year just ended Percentage of Completion Workin a y Work in process. December 31 4.000 lb 38.000 lb During the year the company started 100 000 pounds of material in production Required: Prepare a schedule analyzing the physical flow of units and computing the equivalent units of both direct material and conversion for they Use weighted average process costing CALCULATION OF EQUIVALENT UNITS FIT FOR USE FOODS CORPORATION myslen Direct conversion < Prev 103 Next > command command option

Answer 1

		Percentage of Completion				Equivalent Units
	Physical units	Direct Material		Conversion		Direct Material	Conversion
Beginning Inventory	44,000	80	%	60	%
Started during the period	109,000
Total units to account for	153,000
Completed and Transferred Out	115,000	100	%	100	%	115,000	115,000
Ending Inventory	38,000	70	%	25	%	26,600	9,500
Total units accounted for	153,000
Total equivalent units						141,600	124,500

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