Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Equivalent Units of Production The Converting Department of Worley Company had 760 units in work in process at the beginning of the period, which were
Equivalent Units of Production The Converting Department of Worley Company had 760 units in work in process at the beginning of the period, which were 75% complete. During the period, 16,000 units were completed and transferred to the Packing Department. There were 840 units in process at the end of the period, which were 70% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0\". Worley Company Number of Equivalent Units of Production Direct Materials Conversion Whole Units . . . . Equwalent Units Equwalent Unlts Inventory in process, beginning I 750 I J I 0 I J I 190I J Started and completed I 15,240 I J I 15,240 I J I 15,240 I J Transferred to Packing Department I 16,000I J I 15,240 I J I 15,430I J Inventory in process, ending l 8'ml '/ l 340 l J l 588l 'I Total I 16,840I J I 16,080I J I 14,318I x Feedback ' Check My Work When are the materials added to the units? How much more needs to be done to the beginning units with respect to conversion costs to complete the units? How much has been added to the units in ending work in process inventory with respect to materials and conversion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started