Q.18-8SE
Question
Question: The Mixing Department of Complete Foods had 62,000 units to account for in October. Of the 62,000 units, 38,000 units were completed and transferred to the next department, and 24,000 units were 20% complete. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the mixing process and the company uses the weighted-average method.
Compute the total equivalent units of production for direct materials and
conversion costs for October.
Step-by-Step Solution
VerifiedAnswer
Particulars | Physical Units | Direct materials | Conversion cost |
Units accounted for |
|
|
|
Completed and transferred out | 38,000 | 38,000 | 38,000 |
Ending WIP | 24,000 | 24,000 | 4,800 |
Total units accounted for | 62,000 | 62,000 | 42,800 |
Particulars | Units | Completion % | EUP |
Completed units | 38,000 | 100% | 38,000 |
In process units | 24,000 | 100% | 24,000 |
Total equivalent unit of production for direct material | 62,000 |
Particulars | Units | Completion % | EUP |
Completed units | 38,000 | 100% | 38,000 |
In process units | 24,000 | 20% | 4,800 |
| Total equivalent unit of production for conversion cost | 42,800 |