Help Seve & Exh t the beginning ofthe month, the Forming Department of Martin Ma
ID: 2433180 • Letter: H
Question
Help Seve & Exh t the beginning ofthe month, the Forming Department of Martin Manufacturing had 27,000 units in inventory 40% complete as to materia s and 20% complete s to conversion During the month the department started 77000 units and transferred 87500 units to the next manufacturing department At the end of the , the department had 16,500 units iime tory, 80% complete as to materials and 60% complete as to conversion If Martin Manufacturing uses the no veighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Forming Department Multple Choice 100,700 matertals 97400 conversion 73,700 materials; 70400 conversion 71,600 materials, 82.400 conversion 89,900 materiais; 97.400 conversion ? ^ earchExplanation / Answer
Answer
Statement of Equivalent Units
Material
Conversion Cost
Units
Complete %
Equivalent units
Complete %
Equivalent units
[A]
[B]
[A x B]
[C]
[A x C]
Transferred
87500
100%
87500
100%
87500
Closing WIP
16500
80%
13200
60%
9900
Total
104000
Total
100,700
Total
97,400
100,700 Equivalent Units for Material, and
97,400 Equivalent units for conversion cost.
Statement of Equivalent Units
Material
Conversion Cost
Units
Complete %
Equivalent units
Complete %
Equivalent units
[A]
[B]
[A x B]
[C]
[A x C]
Transferred
87500
100%
87500
100%
87500
Closing WIP
16500
80%
13200
60%
9900
Total
104000
Total
100,700
Total
97,400
Related Questions
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.