Question
The Converting Department of Sydney Napkin Company uses the average cost method and had 1,600 units in work un process that were 60% complete at
The Converting Department of Sydney Napkin Company uses the average cost method and had 1,600 units in work un process that were 60% complete at the begining of the period. During the period, 16,200 units were completed and transferred to the Packing Department. There were 1,000 units in process that were 30% complete at the end of the period.
a. Determine the number of whole units to be accounted for and to be assigned costs for the period.
b. Determine the number of equivalent units of poduction for the period
The format needs to be somehow like this
|
| Whole Units | Direct Materials Equivalent Units | Conversion Equivalent Units |
| Inventory in Process (Beginning) 75 % | 920 | 0 | 230 (1. 100%-75%=25% (2) 25% x 900=225) |
| Started and Completed | 15,280 (16,200 - 920) | 15,280 | 15,280 |
| Transferred out | 16,200 | 15,280 | 15,510 |
| Inventory in Process, Ending 25% | 960 | 960 | 240 (960x25%) |
| Total Units to be Assigned cost | 17,160 | 16,240 | 15,750 |
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