Beginning work in progress is 4,750 units; 63,900 units completed, and ending work in progress is...

Beginning work in progress is 4,750 units; 63,900 units completed, and ending work in progress is 6,600 units, which are 100% complete for direct materials and 50% complete for conversion costs. The beginning WIP inventory is 100% complete for direct materials and 50% complete for conversion.

What are the equivelant units for materials and conversion using weighted average method?

What are the equivalent units for materials and conversion using FIFO method?

Expert Solution

As per weighted average method,
					Materials		Conversion
	Equivalent units				70,500	Units	67,200	Units

Working:
	Equivalent units of:

	Materials	=	Units completed + (Ending units*% of completion
		=		63900+(6600*100%)
		=		70,500	Units


	Conversion	=	Units completed + (Ending units*% of completion
		=		63900+(6600*50%)
		=		67,200	Units


As per FIFO method,
					Materials		Conversion
	Equivalent units				65,750	Units	64,825	Units

Working:
# 1:	Units completed				63,900
	Ending units in process				6,600
	Total units to be accounted for				70,500
	Less: Beginning units in process				4,750

	Units started during the period				65,750

# 2:	Total units completed				63,900
	Less:Units in beginning in process				4,750
	Units started and completed of current period				59,150



	Equivalent units of:

	Materials	=	(4750(1-100%))+(59150100%)+(6600*100%)
		=	65,750	Units



	Conversion	=	(4750(1-50%))+(59150100%)+(6600*50%)
		=	64,825	Units

ekkarill92 answered 1 month ago

Units Costs Beginning work in process (22% complete) 63,900 Direct materials $ 99,000 Conversion cost 175,000...

Units Costs Beginning work in process (22% complete) 63,900 Direct materials $ 99,000 Conversion cost 175,000 Total cost of beginning work in process $ 274,000 Number of units started 121,500 Number of units completed and transferred to finished goods 161,400 Ending work in process (67% complete) ? Current period costs Direct materials $ 246,700 Conversion cost 332,000 Total current period costs $ 578,700 Required: 1 & 2. Using the weighted-average method of process costing, complete each of the following steps:...

In a process with 900 units of beginning Work in Process, the company completed and transferred...

In a process with 900 units of beginning Work in Process, the company completed and transferred out 10200 units during a period. There were 4600 units in the ending Work in Process that were 50% complete as to conversion costs. Materials are added 75% at the beginning of the process and 15% when the units are 85% complete. How much is equivalent units of production for the period for material costs if the weighted-average method is used?

Department A had 10,000 units in the beginning work in process that is 100% completed with...

Department A had 10,000 units in the beginning work in process that is 100% completed with respect to material and 55% completed with respect to conversion costs. 12,000 units were added during the period and 4,000 units remain in ending work-in-process inventory. The ending inventory were 40% completed. Required: a. What was the number of equivalent units of production for the period with respect to material and conversion costs if process costing, weighted average costing method is used to cost...

1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory...

1. Units Beginning Work-in-Process 5,000 Started During the Period 50,000 Ending Work-in-Process 2,000 The ending work-in-process inventory is 90% complete. What is the total number of equivalent units? 2. At the beginning of the period, there were 800 units of product in a company's work in process inventory. 3,000 additional units of product were started during the period. 1,500 units of product were in the Work in Process account at the end of the period. The ending work in process inventory...

Department A had 4,900 units in Work in Process that were 71% completed at the beginning...

Department A had 4,900 units in Work in Process that were 71% completed at the beginning of the period at a cost of $6,900. During the period, 38,200 units of direct materials were added at a cost of $84,040, and 40,700 units were completed. At the end of the period, 2,400 units were 35% completed. All materials are added at the beginning of the process. Direct labor was $27,000 and factory overhead was $4,900. The cost of the 2,400 units...

Department A had 4,600 units in Work in Process that were 74% completed at the beginning...

Department A had 4,600 units in Work in Process that were 74% completed at the beginning of the period at a cost of $6,100. During the period, 32,500 units of direct materials were added at a cost of $74,750 and 34,400 units were completed. At the end of the period, 2,700 units were 39% completed. All materials are added at the beginning of the process. Direct labor was $27,700, and factory overhead was $5,100. The cost of the 2,700 units...

Department A had 5,000 units of work in process that were 60% completed at the beginning...

Department A had 5,000 units of work in process that were 60% completed at the beginning of the period; 31,000 units were completed and transferred during the period; and 2,000 units were 80% completed at the end of the period. All materials were added at the beginning of the process. Determine the number of equivalent units for (a) direct materials and (b) conversion.

partment A had 4,300 units in Work in Process that were 79% completed at the beginning...

partment A had 4,300 units in Work in Process that were 79% completed at the beginning of the period at a cost of $6,400. During the period, 26,700 units of direct materials were added at a cost of $58,740, and 28,100 units were completed. At the end of the period, 2,900 units were 34% completed. All materials are added at the beginning of the process. Direct labor was $27,200 and factory overhead was $4,800. The cost of the 2,900 units...

Department E had 5,000 units in Work in Process that were 40% completed at the beginning...

Department E had 5,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. 14,000 units of direct materials were added during the period at a cost of $28,700. 17,000 units were completed during the period, and 2,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,000 and factory overhead was $18,000. The number of...

Department F had 4,000 units in Work in Process that were 40% completed at the beginning...

Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $14,100. Of the $14,100, $8,700 was for material and $5,400 was for conversion costs. 14,000 units of direct materials were added during the period at a cost of $27,100. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the...

Question