Goode Company has the following production data for selected months. Ending Work in Process Month Beginning...

Goode Company has the following production data for selected months.

			Ending Work in Process
Month	Beginning Work in Process	Units Transferred Out	Units	% Complete as to Conversion Cost
January	–0–	39,300	13,600	44	%
March	–0–	45,000	8,800	71
July	–0–	48,800	17,600	21

Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process.

	Materials	Conversion Costs
January
March
July

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Expert Solution

Equivalent units of production

Month	Input	Output	Equivalent units of production
January	Units introduced - 52900		Units	Material	Conversion
%	Quantity	%	Quantity
	Units transferred out	39300	100%	39300	100%	39300
	Ending work in process	13600	100%	13600	44%	5984
Total- 52900		52900		52900		45284
March	Units introduced - 53800		Units	Material	Conversion
			%	Quantity	%	Quantity
	Units transferred out	45000	100%	45000	100%	45000
	Ending work in process	8800	100%	8800	71%	6248
Total-53800		53800		53800		51248
July	Units introduced - 66400		Units	Material	Conversion
%	Quantity	%	Quantity
	Units transferred out	48800	100%	48800	100%	48800
	Ending work in process	17600	100%	17600	21%	3696
Total-66400		66400		66400		52496

Equivalent unit of production for each month

Month	Materials	Conversion costs
January	52900	45284
March	53800	51248
July	66400	52496

ekkarill92 answered 1 year ago

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