10.00 points During April, the production department of a process manufacturing

Question

10.00 points 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, 60,000 were in process in the production department at the beginning of April and 240,000 were started and completed in April. Aprils beginning inventory units were 60% complete with respect to materials and 40% complete wth respect lc conversion At the end of April, 52,000 additonal unils were in process in the production department and were 80% complete witn respect lo materials and 30% complete with respect 10 conversion. Prepare the number of eqialent units with respect to both materia's used and conversion costs in the production department for April using the FIFO method. Equivalent Units of Production - FIFO Units Materials EUP-Materials l % Conversion EUP-Convers nits started and completed Equivalcril units o produclion Hints References eBook & Resources Hint#1 Type here to search 207 P 1118/2017 1

Explanation / Answer

Answer: First of all we will find out the total units in the month of april :

Now as per the requirement of the question we have to compute the number of equivalent units with respect to material and conversion cost in the production department for April using FIFO method.

Note : Here EUP is equivalent unit of production

Units in beginning inventory for the month of April 60,000 Units started in month of April (240,000 - 60,000 + 82,000)         262,000 Total units in April 322,000

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