EA10. LO 5.3 Using the weighted-average method, compute the equivalent units of production for a new company that started 85,000 units into production and transferred 67,000 to the second department. Assume that beginning inventory was 0. Conversion is considered to occur evenly throughout the process, while materials are added at the beginning of the process. The ending inventory for Equivalent Units: Conversion is 9,000 units.

Solution

Beginning inventory
Started in production
Units to account for
	Total	Equivalent Units: Material	Equivalent Units: Conversion
Completed and transferred out
Ending inventory
Units accounted for

EA11. LO 5.3 Mazomanie Farm completed 20,000 units during the quarter and has 2,500 units still in process. The units are 100% complete with regard to materials and 55% complete with regard to conversion costs. What are the equivalent units for materials and conversion?

Solution

	Units	Materials	Conversion
		100% complete	55% complete
Completed and transferred
Ending work in process
Equivalent units

EA12. LO 5.3 What are the total costs to account for if a companys beginning inventory had $231,432 in materials, $186,450 in conversion costs, and added direct material costs ($4,231,392), direct labor ($2,313,392), and manufacturing overhead ($1,156,696)?

Solution

		Materials	Conversion	Total Costs
Beginning work in process
Added:
	Materials
	Direct labor
	Manufacturing overhead
Total