Question: QualCon Inc produces wine bottles for vintners in a process

QualCon, Inc., produces wine bottles for vintners in a process that starts in the Melt and Mold Department. Data concerning that department’s operations in the most recent period appear below:
Beginning work in process:
Units in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 400
Stage of completion with respect to materials . . . . . . . . . 75%
Stage of completion with respect to conversion . . . . . . . 25%
Units started into production during the month . . . . . . . . . . 42,600
Units completed and transferred out . . . . . . . . . . . . . . . . . . 42,500
Ending work in process:
Units in process . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 500
Stage of completion with respect to materials . . . . . . . . . 80%
Stage of completion with respect to conversion . . . . . . . 30%

Required:
QualCon uses the FIFO method in its process costing system. Compute the equivalent units of production for the period for the Melt and Mold Department.




Sale on SolutionInn
Sales0
Views346
Comments
  • CreatedSeptember 27, 2013
  • Files Included
Post your question
5000