Question
On June 30, The Mixing Department ending Work-in- Process inventory was 80% complete for materials and 40% complete for conversion costs. The Finishing Deparment's Ending
On June 30, The Mixing Department ending Work-in- Process inventory was 80% complete for materials and 40% complete for conversion costs.
The Finishing Deparment's Ending Work-in-Process Inventory was 75% complete for materials and 60% complete for conversion costs.
The weighted average method is used.
Requirements:
1.Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department.
2. Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Finishing Department.
| Mixing Department | Finishing Department | |
| units to account for: | ||
| beginning Work in process | 32000 | |
| Started in June | 47000 | |
| transferred in during June | 63000 | |
| Total Units to Account for | 79000 | 80400 |
| Units accounted for | ||
| Completed and Transferred out during June | 63000 | 68400 |
| Ending Work-in-Process, June 30 | 16000 | 12000 |
| Total Units accounted for | 79000 | 80400 |
If possible, please provide the answer using this format Below. Thank you
| Completed units: | 2,100 units 100% | = | 2,100 EUP for direct materials |
| In process units: | 800 units 100% | = | 800 EUP for direct materials |
| Total EUP for direct materials: | = | 2,900 EUP for direct materials |
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Financial Accounting Tools for business decision making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
6th Edition
978-1119191674, 047053477X, 111919167X, 978-0470534779
