Clopack Company manufactures one product that goes through one processing depart

Question

Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method to account for units and costs. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June):

Work in ProcessMixing Department

June 1 balance 28,000 Completed and transferred ?
Materials 120,000 to Finished Goods
Direct labor 79,500
Overhead 97,000
June 30 balance ?



The June 1 work in process inventory consisted of 5,000 pounds with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 50% complete with respect to conversion. During June 37,500 pounds were started into production. The June 30 work in process inventory consisted of 8,000 pounds that were 100% complete with respect to materials and 40% complete with respect to conversion.

Required:
Compute the equivalent units of production for materials.

Explanation / Answer

physical units: 5,000 beginning +37,500 added = 42,500 to account for -8,000 ending = 34,500 completed and transferred 34,500*100% = 34,500 8,000*.40 = 3,200 total = 37,700 answer: 37,700 equivalent units

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