of Swan Corp began work on 4,600 units this period Work in Process Inventory was

Question

of Swan Corp began work on 4,600 units this period Work in Process Inventory was 560 at the the period (60% complete) and 1,060 at the end of the period (50% complete) Swan uses the weight average method of process costing Direct materials are added at the beginning of the process, and conversion costs are incurred evenly throughout the period Required: a How many units wore completed during the period? b. Detemine the number of equivalent units for direct materials c. Determine the number of equivalent units for conversion costs

Explanation / Answer

a. Units completed         4,100 Units Working: Work in process, Beginning            560 Add:Units started during the period         4,600 Les:Work in process, ending inventory         1,060 Units completed         4,100 b. Number of Equivalent units         5,160 Units Working: Number of Equivalent units = Units completed + Ending units*% of completion =         4,100 + 1060*100% =         5,160 c. Number of Equivalent units         4,630 Units Working: Number of Equivalent units = Units completed + Ending units*% of completion =         4,100 + 1060*50% =         4,630

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