Assume that at the beginning of the process, 60% of the materials go into production and 40%
Question:
Assume that at the beginning of the process, 60% of the materials go into production and 40% go into production when the process is 50% completed. The beginning WIP consists of 2000 units, 25% complete and 4000 units, 50% complete. 20,000 units were started in process. 19,000 units were finished. The ending WIP consists of 1000 units, 60% completed and 1000 units, 40% completed. Required: Compute equivalent units of production for materials. Assignment 6: Refer to Assignment 5. Compute equivalent units of production for labor and overhead. Assignment 7) 75% of materials go into production at beginning of process; 25% of materials go into production when process is 25% complete. 60,000 units were started. 59,000 units were completed. Beginning inventory is 25,000 units, 90% complete. Ending inventory is 10,000 units, 20% complete.
Compute EUs for both materials and conversion costs.
Cornerstones of Financial and Managerial Accounting
ISBN: 978-1111879044
2nd edition
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen