Department II of Charity Manufacturing Company presents the following production data for the month of May, 2011:
Question:
Department II of Charity Manufacturing Company presents the following production data for the month of May, 2011:
Opening inventory, 3/8 completed 4, 000 units
Started in process 13, 000 units
Transferred 9, 000 units
Closing inventory, ½ completed 4, 000 units
¾ completed 4, 000 units
- What are the equivalent units of production (conversion) for the month of May, 2011 under FIFO method?
- What are the equivalent units of production (conversion) for the month of May, 2011 under average method?
2. Department A is the first stage of Mann Company’s production cycle. The following information is available for conversion costs for the month of April 2011:
UNITS
Work in process, beginning (60% complete) 20, 000
Started in April 340, 000
Completed in April and transferred to Department B 320, 000
Work in process, ending (40% complete) 40, 000
- The equivalent units for the conversion cost calculation under FIFO method is
- The equivalent units for the conversion cost calculation under average method is
3. Bart Co. adds materials at the end of the process in Department M. the following information pertain to Department M’s work in process during April:
UNITS
Work in process, April 1 (60% complete as to conversion cost) 3, 000
Started in April 25, 000
Completed 20, 000
Work in process, April 30 (75% complete as to conversion cost) 8, 000
- What are the equivalent units of production (both for materials and conversion) for the month of April using FIFO method?
- What are the equivalent units of production (both for materials and conversion) for the month of April using weighted average method?
4. Sussex Corporation’s production cycle starts in the Mixing Department. The following information is available for April:
UNITS
Work in process, April 1 (50% complete) 40, 000
Started in April 240, 000
Work in process, April 30 (60% complete) 25, 000
- Materials are added at 55% stage of completion in the Mixing Department. What are the equivalent units of production for the month of April under FIFO method?
- What are the equivalent units of production for the month of April under the average method?
Intermediate Accounting
ISBN: 978-0324300987
10th Edition
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones