Required information [The following information applies to the questions display

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Required information [The following information applies to the questions displayed below. During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. At the end of April, 82,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion.

Explanation / Answer

Solution 1& 2:

Computation of Equivalent unit of Production - Weighted Average Particulars Physical Units Material Conversion Unit completed & Transferred out 300000 300000 300000 Closing WIP: 82000 Material (80%) 65600 Conversion (30%) 24600 Equivalent units of production 382000 365600 324600

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