ment Brief Exercise 21-4 Goode Company has the following production data for sel
ID: 2432123 • Letter: M
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ment Brief Exercise 21-4 Goode Company has the following production data for selected months. Ending Work in Process Beginning % complete as to Conversion Cost Units Month Work in Process Transferred Out Units anuary March 40,400 13,900 44,300 8,600 50,600 22,000 41 % 75 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the proc Materials Conversion Costs tudy January March July Click if you would like to Show Work for this question: Qpen Show Work Question Attempt 0101N10019Explanation / Answer
Statement of Equivalent production January Particulars Direct Materials %completion Equivalent mat Conversion %completion Equivalent Conv Opening WIP - 0% - - 0% - Units started and completed 40,400.00 100% 40,400.00 40,400.00 100% 40,400.00 ending WIP 13,900.00 100% 13,900.00 13,900.00 41% 5,699.00 Equivalent Units 54,300.00 46,099.00 Statement of Equivalent production March Particulars Direct Materials %completion Equivalent mat Conversion %completion Equivalent Conv Opening WIP - 0% - - 0% - Units started and completed 44,300.00 100% 44,300.00 44,300.00 100% 44,300.00 ending WIP 8,600.00 100% 8,600.00 8,600.00 75% 6,450.00 Equivalent Units 52,900.00 50,750.00 Statement of Equivalent production July Particulars Direct Materials %completion Equivalent mat Conversion %completion Equivalent Conv Opening WIP - 0% - - 0% - Units started and completed 50,600.00 100% 50,600.00 50,600.00 100% 50,600.00 ending WIP 22,000.00 100% 22,000.00 22,000.00 22% 4,840.00 Equivalent Units 72,600.00 55,440.00
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