During April, the production department of a process manufacturing system comple

Question

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, 68,000 were in process in the production department at the beginning of April and 272,000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 90,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion.

Explanation / Answer

UNITS TO ACCOUNT FOR: Beginning Work in Process units 68,000 Add: Units Started in Process 362,000 Total Units to account for: 430,000 UNITS TO BE ACCOUNTED FOR: Units started and completed 340,000 (Transfered to FG) Ending Work in Process 90,000 Total Units to be accounted for: 430,000 Equivalent Units: UNITS Material Cost Conversion % Completion Units % Completion Units Units started and completed 340000 100% 340,000 100% 340,000 Ending Work in Process 90000 90% 81,000 40% 36,000 Total Equivalent units 430000 421,000 376,000

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