Question: Calculating Equivalent Units (Conversion) A company had 20000 physical units in opening/beginning WIP and during the month started an additional 80000 units and ny month-end

Calculating Equivalent Units (Conversion) A company had 20000 physical units in opening/beginning WIP and during the month started an additional 80000 units and ny month-end they had completed 60000 units. If the closing WIP units were 50% complete in relation to conversion (assume 100% for materials), how many TOTAL equivalent units would they have in their closing WIP. (Note the total should include the completed as well as the closing WIP equivalent units.)

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 Accounting Questions!

Chen Chocolate Companys EPS in 2020 was $1.80, and in 2015 it was $1.25. The companys payout ratio is 60%, and the stock is currently valued at $37.75. Flotation costs for new equity will be 12%. Net...

A company had 20000 physical units in opening/beginning WIP and during the month started an additional 80000 units and ny month-end they had completed 60000 units. If the closing WIP units were 50%...

(Under the FIFO method, we assume any units that were not completed last period (beginning work in process) are finished before anything else is started. For these units, since they are already 60%...

BDB Company manufactures its one product by a process that requires two departments. The production starts in Department A and is completed in Department B. Direct materials are added at the...

In its Department R, Recyclers, Inc., processes donated scrap cloth into towels for sale in local thrift shops. It sells the products at cost. The direct materials costs are zero, but the operation...

Problem 8-52 Prepare a Production Cost Report and Show Cost Flows through through Accounts: Weighted-average Method Please show work so I am able to follow :) Problem 8-52 Prepare a Production Cost...

Problem 8-52 Prepare a Production Cost Report and Show Cost Flows through Accounts: Weighted-Average Method (LO 8-3, 4) In its Department R, Recyclers, Inc., processes donated scrap cloth into towels...

(1) MOHEGAN COMPANY SCHEDULE OF PHYSICAL AND EQUIVALENT UNITS--AVERAGE COST METHOD FOR MONTH OF AUGUST Equivalent Units Physical Direct Conversion Units Materials Costs Units To Account For:...

Note: It is recommended that you save your response as you complete each question. Question 33 (3.4 points) The best way to study the relationship of the components within a financial statement is to...

A screw jack has a square thread 50 mm mean diameter and 10 mm pitch. The load on the jack revolves with the screw. The coefficient of friction between screw and nut is 0.05. find the tangential...

You are running a hot Internet company. Analysts predict that its earnings will grow at 2 0 % per year for the next five years ( i . e . , Year 1 to Year 5 ) . After that, as competition increases,...

Create a C# application named SalesTransactionDemo that declares several SalesTransaction objects and displays their values and their sum. The SalesTransaction class contains the following fields:...