Question
Riverbed Painting Company has the following production data for January: Beginning work in process inventory, 0 units Units completed and transferred out, 37,100 Ending work
Riverbed Painting Company has the following production data for January:
Beginning work in process inventory, 0 units | |
Units completed and transferred out, 37,100 | |
Ending work in process inventory, 10,600 units that are 30% complete for conversion costs |
Materials are added only at the beginning of the process. Compute equivalent units of production for both materials and conversion costs. (Do not leave any answer field blank. Enter 0 for amounts.)
Equivalent Units of Production | ||||||||
---|---|---|---|---|---|---|---|---|
QUANTITIES | Physical Units | Materials | Conversion Costs | |||||
Units to be accounted for | ||||||||
Work in process inventory, 1/1 | enter a number of units | |||||||
Started into production | enter a number of units | |||||||
Total units to be accounted for | enter a total number of units | |||||||
Units accounted for | ||||||||
Completed and transferred out | enter a number of units | enter a number of units | enter a number of units | |||||
Work in process inventory, 1/31 | enter a number of units | enter a number of units | enter a number of units | |||||
Total units accounted for | enter a total number of units | enter a total number of units | enter a total number of units |
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