The Smelting Department of Mathews Manufacturing Company has the following produ

Question

The Smelting Department of Mathews Manufacturing Company has the following production and cost data for November.

Production: Beginning work in process 3,910 units that are 100% complete as to materials and 30% complete as to conversion costs; units transferred out 9,340 units; and ending work in process 7,120 units that are 100% complete as to materials and 50% complete as to conversion costs.

Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

Explanation / Answer

Calculation of Equivalent Unit (as per Weighted Method)




Unit Direct Material Conversion Cost

% of Completion Equivalent Unit % of Completion Equivalent Unit





Unit Transferred Out 9340 100% 9340 100% 9340





Closing WIP 7120 100% 7120 50% 3560





Total Equivalent Unit

16460
12900











Calculation of Equivalent Unit (as per FIFO Method)





Unit Direct Material Conversion Cost

% of Completion Equivalent Unit % of Completion Equivalent Unit





Beginning WIP 3910 0% 0 70% 2737





Unit Started & Completed 5430 100% 5430 100% 5430





Closing WIP 7120 100% 7120 50% 3560





Total Equivalent Unit

12550
11727

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.