Question: Equivalent Units Physical Units Direct Conversion (tons) Materials Costs Work in process, beginning 75 Transferred-in during current period 550 To account for 625 Completed and
|
| Equivalent Units | ||
|
| Physical Units | Direct | Conversion |
|
| (tons) | Materials | Costs |
| Work in process, beginning | 75 |
|
|
| Transferred-in during current period | 550 |
|
|
| To account for | 625 | ||
| Completed and transferred out during current period: | |||
| From beginning work in process | 75 | 0 | 45 |
| Started and completed | 425 | 425 | 425 |
| Work in process, ending | 125 | 125 | 25 |
| Accounted for | 625 |
|
|
| Equivalent units of work done in current period |
| 550 | 495 |
Now summarize the total costs to account for.
|
| Total | Direct | Conversion |
|
| Production Costs | Materials | Costs |
| Work in process, beginning |
|
|
|
| Costs added in current period |
|
|
|
| Total costs to account for
|
|
|
|
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts

