Question: Selected quantity data from a manufacturing firm for a 2-month period is shown below. mklo7 All units were transferred out as they were completed. Required:

Selected quantity data from a manufacturing firm for a 2-month period is shown below. mklo7

May: Units started in process Units received from preceding department Units transferred

All units were transferred out as they were completed.
Required:
a How many units were still in process at the end of June in both departments?
b Calculate the units of equivalent production for direct materials and conversion costs for both departments for June using both weighted average and fifo.

May: Units started in process Units received from preceding department Units transferred to next department Ending units in process Department A Department B 120,000 86,000 86.000 53,000 34,000 (100% direct materials, 20% conversion costs) 33,000 (100% direct materials, 80% conversion costs) June: Units started in process Units received from preceding department Units transferred to next department Ending units in process 117,000 132,500 ? (100% direct materials, 45% conversion costs) 132,500 131,200 ? (100% direct materials, 75% conversion costs)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Cost Accounting Questions!