Question

Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 5,747 tons in beginning work in process inventory (60% complete) on October 1. During October, 82,100 tons were completed. The ending work in process inventory on October 31 was 4,105 tons (30% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.

The Rolling Department of Kraus Steel Company had 5,300 tons in beginning work in process inventory (30% complete) on October 1. During October, 87,500 tons were completed. The ending work in process inventory on October 31 was 4,400 tons (60% complete). What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?

Answer 1

Question 1

Answer---------Equivalent units = 83,332

Working

Statement of Equivalent Units(Weighted average)
				Conversion
	Units					Complete %	Equivalent units
Transferred out	82,100					100%	82,100
Ending WIP	4,105					30%	1,232
Total	86,205					Total	83,332

Question 2

Answer---------91,900

Working

Statement of Equivalent Units(Weighted average)
			Material
	Units			Complete %	Equivalent units
Transferred out	87,500			100%	87,500
Ending WIP	4,400			100%	4,400
Total	91,900			Total	91,900