enmpleted and trensterred out 20,000 units and there wers sti Camgany had zero u

Question

enmpleted and trensterred out 20,000 units and there wers sti Camgany had zero unis in ta work in pr nery b ending inventory.The 4000 units in endisg wark-in-proces and 100% cemplete-t ta matenals wen 20% termiete a" 1D cele Required a How many units were in production d uring the perod Compute equivalent units for materiats, using the axeag ihod e Compute the Equivalent Lnits for Comversien Cost using the everage method it total cost of Materisls is 55128,000 and total conversion cost is $72,960, calculate the cost of eoeds translerred out and the rost of ending work in process d

Explanation / Answer

Solution a:

Total units in production during the period = Units completed + Units in ending WIP = 20000 + 4000 = 24000 units

Solution b and c:

Solution d:

Computation of Equivalent unit of Production - Weighted Average Particulars Physical Units Material Conversion Unit completed & Transferred out 20000 20000 20000 Closing WIP: 4000 Material (100%) 4000 Conversion (20%) 800 Equivalent units of production 24000 24000 20800

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