The production department in a process manufacturing system completed 182,000 un
ID: 2358138 • Letter: T
Question
The production department in a process manufacturing system completed 182,000 units of product and transferred them to finished goods during a recent period. Of these units, 33,000 were in process at the beginning of the period. The other 149,000 units were started and completed during the period. At period end, 31,000 units were in process.
Compute the department
The production department in a process manufacturing system completed 182,000 units of product and transferred them to finished goods during a recent period. Of these units, 33,000 were in process at the beginning of the period. The other 149,000 units were started and completed during the period. At period end, 31,000 units were in process.
Explanation / Answer
Beginning Balance - 30,000 Transferred to FG - (150,000) Ending Balance - 41,000 Therefore UNITS ADDED to production was 161,000 BB + Units Added = 191,000 to be accounted for, and Units Transferred to FG + EB = 191,000 Step 2 - Compute equivalent units produced. Units transferred to FG - 150,000 (150,000 DM & 150,000 DL) Ending Balance - 41,000 (80% DM = 32,800) (30% DL = 12,300) Equivalent units of production = 182,800 DM & 162,300 DL Since Cost data was not given, weighted average cost cannot be determined
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.