Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and...

 

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Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory T-account for the Bending department is shown below. The 3,100 units in beginning work in process inventory had direct materials costs of $3,500 and conversion costs of $2,700. Also shown is unit data for the Bending department this period. Units Beginning work in process inventory 3,100 Direct Materials Percent Complete 100% Conversion Percent Complete 25% Units started this period 7,100 Completed and transferred out 8,100 Ending work in process inventory 2,100 100% 60% Work in Process Inventory-Bending ($) Debit Beginning balance Direct materials Direct labor Overhead 6,200 11,800 4,100 16,600 ? Credit ? Transferred out Ending balance a. Compute equivalent units of production for both direct materials and conversion. Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory T-account for the Bending department is shown below. The 3,100 units in beginning work in process inventory had direct materials costs of $3,500 and conversion costs of $2,700. Also shown is unit data for the Bending department this period. Units Beginning work in process inventory 3,100 Direct Materials Percent Complete 100% Conversion Percent Complete 25% Units started this period 7,100 Completed and transferred out 8,100 Ending work in process inventory 2,100 100% 60% Work in Process Inventory-Bending ($) Debit Beginning balance Direct materials Direct labor Overhead 6,200 11,800 4,100 16,600 ? Credit ? Transferred out Ending balance a. Compute equivalent units of production for both direct materials and conversion.

Answer rating: 100% (QA)

To compute the equivalent units of production for both direct materials and conversion in the Bending department we need to consider the units that ar... View the full answer