Question: Please help me to correct this answer. Tks! Required information [The following information applies to the questions displayed below.] During April, the first production department
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Required information [The following information applies to the questions displayed below.] During April, the first production department of a process manufacturing system completed its work on 410.000 units of a product and transferred them to the next department. Of these transferred units, 82,000 were in process in the production department at the beginning of April and 328,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 104,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion Compute the number of equivalent units with respect to both materials used and conversion used in the first production department for April using the weighted average method. Answer is complete but not entirely correct. Equivalent Units of Production - Weighted Average EUP- Units % Materials Materials Conversion Units completed and transferred out 410,000 100% 410,000 100% Units of ending work in process inventory - units 104,000 80% 83,200 35% Total 514,000 493,200 EUP Conversion 410,000 36,400 446,400 Required information The following information applies to the questions displayed below.) During April, the first production department of a process manufacturing system completed its work on 410,000 units of a product and transferred them to the next department. Of these transferred units, 82,000 were in process in the production department at the beginning of April and 328,000 were started and completed in April. April's beginning inventory units were 70% complete with respect to materials and 30% complete with respect to conversion. At the end of April, 104,000 additional units were in process in the production department and were 85% complete with respect to materials and 35% complete with respect to conversion. Prepare the number of equivalent units with respect to both materials and conversion costs in the production department for April using the FIFO method. Answer is complete but not entirely correct. Equivalent Units of Production - FIFO Units % Materials EUP-Materials Conversion 82,000 30% 24,600 70% 328,000 100% 328,000 100% 104,000 80% 83,200 35% 514.000 435,800 EUP. Conversion 57,400 > Units to complete beginning work in process Units completed and transferred out Units in ending work in process Equivalent units of production 328,000 36,400 421,800
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