Satina Corporation\'s Department A has the following information: % Completed Co
ID: 2339199 • Letter: S
Question
Satina Corporation's Department A has the following information:
% Completed
Costs
Beginning work in process: 6,000 units
Direct Materials
80
$
43,708
Conversion
40
35,550
New Units Started: 28,000 units
Direct Materials
112,000
Conversion
88,200
Ending work in process: 2,000 units
Direct Materials
60
Conversion
50
Required: Complete the tables below using the weighted-average and FIFO methods
Physical Units
Weighted Average Equivalent Units
FIFO Equivalent Units
Materials
Conversion
Materials
Conversion
Beginning WIP
Units started
Total to account for
Units Finished
Ending WIP
Total accounted for
Total Equivalent Units
Weighted Average
FIFO
a. Cost Per Equivalent units
b. Cost completed and transferred out
c. Cost in the ending work-in-process inventory
% Completed
Costs
Beginning work in process: 6,000 units
Direct Materials
80
$
43,708
Conversion
40
35,550
New Units Started: 28,000 units
Direct Materials
112,000
Conversion
88,200
Ending work in process: 2,000 units
Direct Materials
60
Conversion
50
Explanation / Answer
Solution - Weighted average
Solution - FIFO:
Computation of Equivalent unit of Production - Weighted Average - Department A Particulars Physical Units Material Conversion Unit completed & Transferred out (6000 + 28000 - 2000) 32000 32000 32000 Closing WIP: 2000 Material (60%) 1200 Conversion (50%) 1000 Equivalent units of production 34000 33200 33000Related Questions
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