Lindex Company uses a process costing system. The following data are available f
ID: 2373114 • Letter: L
Question
Lindex Company uses a process costing system. The following data are available for one department for October.
Units Materials Conversion
Work in Process, October 1 50,000 90% 60%
Work in Process, October 31 30,000 70% 50%
The department started 390,000 units into production during the month and transferred 410,000 completed units to the next department.
Required:
Compute the equivalent units of production for October, assuming that the company uses the weighted average method of accounting for units and cost.
The table required is as such:
Equivalent Units
Materials
Conversion
Equivalent units of production.........................
431,000
425,000
Equivalent Units
Materials
Conversion
Equivalent units of production.........................
431,000
425,000
Explanation / Answer
.................................................total....................materials............conversion
units transferred................410000................410000................410000
Ending WIP........................30000....................21000.................9000
total equivalent units.....................................431000..................50000
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