Question

Equivalent Units of Production

The Converting Department of Hopkinsville Company had 880 units in work in process at the beginning of the period, which were 75% complete. During the period, 18,400 units were completed and transferred to the Packing Department. There were 1,000 units in process at the end of the period, which were 25% complete. Direct materials are placed into the process at the beginning of production.

Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".

Hopkinsville Company
Number of Equivalent Units of Production
	Whole Units	Direct Materials Equivalent Units	Conversion Equivalent Units
Inventory in process, beginning
Started and completed
Transferred to Packing Department
Inventory in process, ending
Total

Answer 1

Solution

HOPKINSVILLE COMPANY
Number of Equivalent units of Production
	Whole Units	Direct material Equivalent units	Conversion Equivalent units
Inventory In process, Beginning	880	-	220
Started And Completed	17,520	17,520	17,520
Transferred to packing Department	18,400	17,520	17,740
Inventory in Process,Ending	1,000	1,000	250
Total	19,400	18,520	17,990

Working

STEP 1 (FIFO)
Reconciliation of Units
	Units	% already completed		% completed this period
		Material	Conversion	Material	Conversion
Beginning WIP	880	100%	75%	0%	25%
Units introduced	18,520
Total units to be accounted for	19,400
Completed and Transferred unit	18,400	0%	0%	100%	100%
Ending WIP	1,000	0%	0%	100%	25%

.

STEP 2 (FIFO)
Equivalent Units
	Total Units	Material		Conversion
Units Transferred:		% completed this period	Equivalent Units	% completed this period	Equivalent Units
From WIP	880	0%	-	25%	220
From units started/Introduced	17,520	100%	17,520	100%	17,520
Total	18,400		17,520		17,740
	Total Units	Material		Conversion
Ending WIP		% completed this period	Equivalent Units	% completed this period	Equivalent Units
Total	1,000	100%	1,000	25%	250
Total EUP	19,400		18,520		17,990