A) Sodius Chemical Inc. placed 220,000 liters of direct materials into the mixin

Question

A) Sodius Chemical Inc. placed 220,000 liters of direct materials into the mixing process. At the end of the month, 5,000 liters were still in process, 30% converted as to labor and factory overhead. All direct materials are placed in mixing at the beginning of the process and conversion costs occur evenly during the process. Sodius uses weighted-average costing. Required: a. Determine the equivalent units in process for direct materials and conversion costs, assuming there was no beginning inventory b. Determine the equivalent units in process for direct materials and conversion costs, assuming that 12,000 liters of chemicals were 40% complete prior to the addition of the 220,000 liters.

Explanation / Answer

a) Beginning work in process 0 Completed & transferred 215,000 Started during the year 220,000 ending work in process 5,000 units to be accounted 220,000 units accounted for 220,000 Equivalent units % materials % CC Completed & transferred 215,000 100% 215,000 100% 215,000 ending work in process 5,000 100% 5,000 30% 1500 Equivalent units 220,000 216,500 answer b) Beginning work in process 12,000 Completed & transferred 227,000 Started during the year 220,000 ending work in process 5,000 units to be accounted 232,000 units accounted for 232,000 Equivalent units % materials % CC Completed & transferred 227,000 100% 227,000 100% 227,000 ending work in process 5,000 100% 5,000 30% 1500 Equivalent units 232,000 228,500 answer

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