16 Help Save & Exlt Use the following information for the Exercises below. The f

Question

16 Help Save & Exlt Use the following information for the Exercises below. The following information applies to the questions displayed below During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 70,000 were in process in the production department at the beginning of April and 280,000 were started and completed in April. April's be with respect to materials and 40% complete with respect to conversion. At the end of beginning inventory units were 60% complete April, 92,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. Exercise 16-8 Weighted average: Computing equivalent units of production LO C2 1. Compute the number of units transferred to finished goods. 2. Compute the number of equivalent units with respect to both materials used and conversion used in the production department for April using the weighted-average method Complete this question by entering your answers in the tabs below. 1 Required 2 K Prev 2 3 of 5Next >

Explanation / Answer

Total units transferred to Finished stock From opening stock        70,000 Started and completed      280,000 Total units transferred to Finished stock      350,000 Material Percentage Equivelent Conversion Percentage Equivelent Opening        70,000 40%      28,000      70,000 60%      42,000 Started and completed      280,000 100% 280,000 280,000 100% 280,000 Closing inventory        92,000 85%      78,200      92,000 35%      32,200 Total 386,200 Total 354,200

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