Each department uses the average cost method. a. Determine the number of whole u

Question

Each department uses the average cost method.

a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department.

b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.

Work in process, May 1 1,300 units, 55% completed 400 units, 25% completed Completed and transferred to next processing department during May 20,800 units 20,300 units Work in process, May 31 1,000 units, 55% completed 700 units, 30% completed

Explanation / Answer

Assumed that 2nd column in the table given in the question is for Drawing Department and 3rd column is for Winding Department. The answer would be as follows.

a.) Whole units to be accounted for and to be assigned costs are 20,800 units and the equivalent units of production are 21,935 units for the Drawing Department.

b.) Whole units to be accounted for and to be assigned costs are 20,300 units and the equivalent units of production are 20,810 units for the Winding Department.

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