Muffy Painting Company has the following production data for March. Compute equi
ID: 2507944 • Letter: M
Question
Muffy Painting Company has the following production data for March.
Compute equivalent units of production for March for both materials and conversion costs. Materials are entered at the beginning of the process.
Month Beginning
Work in Process
Units Started
Transferred Out Units
Conversion Cost
March 3,000 42,000 8,000 75% Muffy Painting Company has the following production data for March. Compute equivalent units of production for March for both materials and conversion costs. Materials are entered at the beginning of the process.
Explanation / Answer
QUANTITIES Physical Units Materials Conversion Costs
Units to be accounted for
Work in process, March 1 3,000
Started into production 47,000
Total units 50,000
Units accounted for
Transferred out 42,000 42,000 42,000
Work in process, March 31 8,000 8,000 6,000 (8,000
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