Weygandt, Managerial Accounting, 7e MANAGERIAL ACCOUNTING (ACCT 105) Assignment

Question

Weygandt, Managerial Accounting, 7e MANAGERIAL ACCOUNTING (ACCT 105) Assignment RINTER VERSIONBACK MEXT NEXT Question 1 The Smelting Department of Kiner Company has the following production and cost data for November n process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 10,500 units; Production Beginning work and ending work in process 8,100 units that are 100% complete as to materials and 41% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November Materials Conversion Costs Total equivalent units Question Attempts: 0 of 1 used SAVE FOR LATER SUBHIT ANSWER 4.24.5.1 A Division of Inc.

Explanation / Answer

A.

Computation of equivalent unit of production for materials for the month of November:

B.

Computation of equivalent unit of production for conversion costs for the month of November:

Units trasferred out    10,500 Ending inventory (8,100*100%)      8,100 Equivalent units of production for material    18,600

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