During March, the production department of a process operations system completed
ID: 2458950 • Letter: D
Question
During March, the production department of a process operations system completed and transferred to finished goods 25,000 units that were in process at the beginning of March and 110,000 that were started and completed in March. March's beginning inventory units were 100% complete with respect to materials and 55% complete with respect to conversion. At the end of March, 30,000 additional units were in process in the production department and were 100% complete with respect to materials and 30% complete with respect to conversion. Compute the number of equivalent units with respect to both materials and conversion respectively for March using the FIFO method.
Explanation / Answer
Solution :-
Conclusion :-
Particulars Input Equivalent units as to Materials Equivalent units as to Conversion costs WIP in beginning 25000 0 (0 %) 11250 [ 25000 * (1 - 0.55) ] Units started and completed. 110000 110000 (100 %) 110000 (100 %) Closing WIP units. 30000 30000 (100 %) 9000 (30000 * 30 %) Equivalent units of work done in current period 140000 130250Related Questions
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