Required: (a) Adams Company's production cycle starts in Department A. The following information is available for...

Required: (a) Adams Company's production cycle starts in Department A. The following information is available for July: Units Work in process, July 1 (50% complete) 71,000 Started in July 370,000 Work in process, July 31 (30% complete) 43,000 Materials are added at the beginning of the process in Department A. Using the weighted-average method, what are the equivalent units of production for materials and conversion costs for the month of July, respectively?

A.441,000; 410,900

B.370,000; 382,900

C.398,000; 370,000

D.441,000; 398,000

E.None of the above

Solutions

Expert Solution

Correct answer-----------A.441,000; 410,900

Working

Reconciliation of Units
A	Beginning WIP	71,000
B	Introduced	370,000
C=A+B	TOTAL	441,000
D	Transferred out	398,000
E=C-D	Ending WIP	43,000

Statement of Equivalent Units(Weighted average)
		Material		Conversion cost
	Units	Complete %	Equivalent units	Complete %	Equivalent units
Transferred out	398,000	100%	398,000	100%	398,000
Ending WIP	43,000	100%	43,000	30%	12,900
Total	441,000	Total	441,000	Total	410,900

ekkarill92 answered 11 months ago

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