The information below pertains to July production at PorterCompany’s paint facto

Question

The information below pertains to July production at PorterCompany’s paint factory, which produces paints for householdinteriors:

                                                                                Gallons                Materials                     Conversion   

Work in process, July1                      3,000                30%complete              20% complete

Started inJuly                                     7,000

To accountfor                                   10,000            

Complete and transferredout              6,000                100%complete            100% complete

Work in process, July31                     4,000                  25%complete              10% complete

Accountedfor                                    10,000

Using the weighted-average method, determine the number ofequivalent units of production for materials and conversion duringJuly.

Explanation / Answer

Equivalent Units ofProduction Materials Conversion Completed (Gallons)    6000 x 100% 6,000 6000 x 100% 6,000 Ending WIP (Gallons) 4,000 x 25% 1,000 4,000 x 10% 400 Equivalent units ofproduction 7,000 6,400 Materials Conversion Completed (Gallons)    6000 x 100% 6,000 6000 x 100% 6,000 Ending WIP (Gallons) 4,000 x 25% 1,000 4,000 x 10% 400 Equivalent units ofproduction 7,000 6,400 Materials Conversion Completed (Gallons)    6000 x 100% 6,000 6000 x 100% 6,000 Ending WIP (Gallons) 4,000 x 25% 1,000 4,000 x 10% 400 Equivalent units ofproduction 7,000 6,400

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