[The following information applies to the questions displayed below.] During Apr
ID: 2569689 • Letter: #
Question
[The following information applies to the questions displayed below.]
During April, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. Of these transferred units, 68,000 were in process in the production department at the beginning of April and 272,000 were started and completed in April. April's beginning inventory units were 75% complete with respect to materials and 25% complete with respect to conversion. At the end of April, 90,000 additional units were in process in the production department and were 90% complete with respect to materials and 40% complete with respect to conversion.
1. Compute the number of units transferred to finished goods.
2. Compute the number of equivalent units with respect to both materials used and conversion used in the production department for April using the weighted-average method.
Explanation / Answer
Req 1: Total completed units transferred to Finished Goods:
Units completed and transferred from beginning WIP = 68,000 units
Add: Units Started and completed = 272,000 units
Tota units completed and transferred to finished goods 340,000 units
Req 2: Total Units Input:
Total units completed (As computed above) 340,000
Add: Closing WIp (68000+90,000) 158,000
Less: Opening WIP 68,000
Total Units INputs 430,000
Equivalent Units statement Material Conversion Units Input Particulars Units Output Equivalent units % complete Equivalent units % complete 68000 Opening WIP 430000 Input Goods completed 340000 340000 100% 340000 100% Closing WIP 158000 142200 90% 63200 40% 498000 498000 482200 403200
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