The production department in a process manufacturing system completed 84,000 uni
ID: 2556253 • Letter: T
Question
The production department in a process manufacturing system completed 84,000 units of product and transferred them to finished goods during a recent period. Of these units, 33,600 were in process at the beginning of the period. The other 50,400 units were started and completed during the period. At period-end, 17,700 units were in process.
Prepare the department’s equivalent units of production with respect to direct materials under each of three separate assumptions using the weighted-average method for process costing.
Equivalent Units of Production (EUP)—Weighted Average Method
1. All direct materials are added to products when processing begins.
Units
% Materials
EUP—Materials
Total EUP
2. Beginning inventory is 30% complete as to materials and conversion costs. Ending inventory is 80% complete as to materials and conversion costs.
Units
% Materials
EUP—Materials
Total EUP
3. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending inventory is 30% complete as to materials and 60% complete as to conversion costs.
Units
% Materials
EUP—Materials
Total EUP
Equivalent Units of Production (EUP)—Weighted Average Method
1. All direct materials are added to products when processing begins.
Units
% Materials
EUP—Materials
Total EUP
2. Beginning inventory is 30% complete as to materials and conversion costs. Ending inventory is 80% complete as to materials and conversion costs.
Units
% Materials
EUP—Materials
Total EUP
3. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending inventory is 30% complete as to materials and 60% complete as to conversion costs.
Units
% Materials
EUP—Materials
Total EUP
strashed goods danga recent pred or them ures, 23500 weren process Pt beginnig of the p. nathodtor pcn.cotingExplanation / Answer
EUP 1) units % materials materials completed & transferred 84,000 100% 84,000 ending work in process 17,700 100% 17,700 total EUP 101,700 2) EUP units % materials materials completed & transferred 84,000 100% 84,000 ending work in process 17,700 80% 14,160 total EUP 98,160 3) EUP units % materials materials completed & transferred 84,000 100% 84,000 ending work in process 17,700 30% 5,310 total EUP 89,310
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