The Florida Company manufactures a product that goes through three processing de
ID: 2422457 • Letter: T
Question
The Florida Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below.
Percentage Completed
Units
Materials
Conversion
Work in process, June 1
160,000
65%
45%
Work in process, Jun 30
130,000
75%
65%
The department started 650,000 units into production during the month and transferred 680,000 completed units to the next department.
Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.
Please show work for credit
Percentage Completed
Units
Materials
Conversion
Work in process, June 1
160,000
65%
45%
Work in process, Jun 30
130,000
75%
65%
Explanation / Answer
Answer
Equivalent Unit of Material = 777500
Equivalent Unit of Conversion = 764500
Equivalent Unit Unit Material Conversion Cost % Completed Unit % Completed Unit [a] [b] [c=a*b] [d] [e=a*d] Unit Completed & transferred 680000 100% 680000 100% 680000 Closing WIP 130000 75% 97500 65% 84500 Total Units 810000 Equivalent Unit 777500 764500Related Questions
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