Question
In: Accounting
The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work...
The Smelting Department of Kiner Company has the following
production data for November.
Production: Beginning work in process 3,800 units that are
100% complete as to materials and 25% complete as to conversion
costs; units transferred out 9,700 units; and ending work in
process 8,300 units that are 100% complete as to materials and 46%
complete as to conversion costs.
Compute the equivalent units of production for (a) materials and
(b) conversion costs for the month of November.
Solutions
Expert Solution
| Answer | ||
|
Equivalent unit : Weighted average method : |
||
| Materials | Conversion costs | |
| Unit transferred out | 9,700 | 9,700 |
| Ending work in process | 8300*100%=8,300 | 8,300*46%=3,818 |
| Total equivalent unit | 18,000 | 13,518 |
ekkarill92 answered 2 years agoRelated Solutions
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$ -0-
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75%
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completed at
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process.
Materials
Conversion Costs
January
March
July
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