The Rolling Department of Keystone Steel Company had 400 tons in beginning work in process inventory...

The Rolling Department of Keystone Steel Company had 400 tons in beginning work in process inventory (20% complete). During the period, 7,900 tons were completed. The ending work in process inventory was 1,000 tons (30% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process?

Solutions

Expert Solution

-Equivalent units for direct material is provided using BOTH -FIFO and Weighted average method below:

>As per FIFO = 8500 units

EUP - FIFO Method	Units	% Material	EUP Materials
Units of ENDING WIP	1,000	100.0%	1,000
Units STARTED & COMPLETED	7,500	100%	7,500
Units of beginning WIP	400	0.00%	-
Equivalent Units of Production			8,500

>As per Weighted average method = 8900 units

EUP - Weighted Average Method	Units	% Material	EUP Materials
Units TRANSFERRED	7,900	100%	7,900
Units of ENDING WIP	1,000	100%	1,000

Equivalent Units of Production			8,900

ekkarill92 answered 1 year ago

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