Brief Exercise 21-5 The Smelting Department of Kiner Company has the following p

Question

Brief Exercise 21-5 The Smelting Department of Kiner Company has the following production and cost data for November Productor work in process 3 300 units that are 100% complete as to materials and 25% complete as to conversion costs; unts transferred out 10 200 units; and end g workin process B,400 units that are 100% complete as to materials and 43% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November. ng Beginning won

Explanation / Answer

Statement of Equivalent production Particulars Direct Materials %completion Equivalent mat Conversion %completion Equivalent Conv Opening WIP             3,300.00 0%                          -               3,300.00 75%             2,475.00 Units started and completed = 10,200 - 3,300             6,900.00 100%             6,900.00             6,900.00 100%             6,900.00 ending WIP             8,400.00 100%             8,400.00             8,400.00 43%             3,612.00 Equivalent Units           15,300.00           12,987.00

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