The information below pertains to July production at PorterCompany\'s paint fact

Question

The information below pertains to July production at PorterCompany's paint factory, which produces paints for householdinteriors:

                                                           Gallons              Materials               Conversion
Work in Process, July1                           3,000             30%complete             20% complete
Started inJuly                                          7,000
To Accountfor                                        10,000
Completed and Transferredout                 6,000             100%complete           100% complete
Work in process, July31                           4,000                23%complete            10% complete
AccountedFor                                       10,000

a. Using the Weighted-average method, determine the number ofequivalent units of production for materials and conversion duringJuly.

Explanation / Answer

Equivalent UnitsStatement Materials Conversion Completed (Gallons)    6000 x 100% 6,000 6000 x 100% 6,000 Ending WIP (Gallons) 4,000 x 23% 920 4,000 x 10% 400 Equivalent units ofproduction 6,920 6,400 Materials Conversion Completed (Gallons)    6000 x 100% 6,000 6000 x 100% 6,000 Ending WIP (Gallons) 4,000 x 23% 920 4,000 x 10% 400 Equivalent units ofproduction 6,920 6,400 Materials Conversion Completed (Gallons)    6000 x 100% 6,000 6000 x 100% 6,000 Ending WIP (Gallons) 4,000 x 23% 920 4,000 x 10% 400 Equivalent units ofproduction 6,920 6,400

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