During Apri, the production department of a process manufacturing system complet

Question

During Apri, 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 startedand completed in April April's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion At the end of April, 82,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion. Prepare the number of equivalent units with respect to both materials used and conversion costs in the production department for April using the FIFO method Equivalent Units of Production - FIFO Units Materials EUP Materials ConversionConversion Equivalent units of production

Explanation / Answer

units

% materials

EUP materials

% CONVERSION

EUP conversion

Units to complete beginning work in process

60000

40%

24000

60%

36000

Units started and completed

240000

100%

240000

100%

240000

Units in ending work in process

82000

80%

65600

30%

24600

Equivalent units of production

382000

329600

300600

units

% materials

EUP materials

% CONVERSION

EUP conversion

Units to complete beginning work in process

60000

40%

24000

60%

36000

Units started and completed

240000

100%

240000

100%

240000

Units in ending work in process

82000

80%

65600

30%

24600

Equivalent units of production

382000

329600

300600

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