Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company

Question

Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,500 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 40,000; ending inventory of 5,000 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,100 of materials and $11,110 of conversion costs; materials costs added in Polishing during the month, $166,650; labor and overhead applied in Polishing during the month, $125,700 and $257,240, respectively. Collapse question part (a) Incorrect answer. Your answer is incorrect. Try again. Compute the equivalent units of production for materials and conversion costs for the month of September. Materials Conversion Costs The equivalent units of production Entry field with incorrect answer now contains modified data Entry field with incorrect answer now contains modified data Click if you would like to Show Work for this question: Open Show Work

Explanation / Answer

Unit transferred out = 1500+40000-5000 = 36500 Units

Whole unit % EUP-material % EUP-Conversion Units transferred out 36500 100% 36500 100% 36500 Ending work in process 5000 100% 5000 10% 500 Total equivalent unit 41500 41500 37000

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