The Converting Department of Osaka Napkin Company uses the average cost method a

Question

The Converting Department of Osaka Napkin Company uses the average cost method and had 2,400 units in work in process that were 70% complete at the beginning of the period. During the period, 30,200 units were completed and transferred to the Packing Department. There were 1,300 units in process that were 20% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. units b. Determine the number of equivalent units of production for the period.

Explanation / Answer

Number of whole units

2400*70% + 30200 + 1300*20% = 32,140

Calculation of Equivalent Units (weighted Average Method)

Number of whole units

2400*70% + 30200 + 1300*20% = 32,140

Calculation of Equivalent Units (weighted Average Method)

Units Opening Units 2400 2400 Introduced & completed during the month 30200 30200 Closing Units 1300*20% 260 Total Equivalent Units 32860

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