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baherus [9]
3 years ago
14

The Mixing Department of Complete Foods had 62,000 units to account for in October. Of the 62,000 units, 38,000 units were compl

eted and transferred to the nest department, and 24,000 units were 20% complete. All of the materials are added at the beginning of the process. Conversion costs arc added evenly throughout the mixing process and the company uses the weighted-average method.
Compute the total equivalent units of production for direct materials and conversion costs for October.
Business
1 answer:
Harman [31]3 years ago
5 0

Answer:

The total equivalent units of production are as follows:

For direct materials = 62,000 units

For conversion costs = 42,000 units

Explanation:

These can be computed by preparing statements of equivalent units as follows:

<u>Statement of Equivalent Units (EU) (Weighted average)</u>

<u>For October</u>

<u>For Materials</u>

Particulars       Units (a)       Complete (%) (b)     EU (c = a * b)

Transferred        38,000                 100%                    38,000

Ending WIP      <u>  24,000 </u>                100%                  <u>  24,000 </u>

Total                  <u> 62,000 </u>                                           <u> 62,000 </u>

<u>Statement of Equivalent Units (EU) (Weighted average)</u>

<u>For October</u>

<u>For Conversion Costs</u>

Particulars       Units (a)       Complete (%) (b)     EU (c = a * b)

Transferred        38,000                100%                      38,000

Ending WIP      <u>  24,000 </u>                20%                       <u>  4,800 </u>

Total                  <u> 62,000 </u>                                             <u> 42,000 </u>

<u>Conclusion</u>

The total equivalent units of production are as follows:

For direct materials = 62,000 units

For conversion costs = 42,000 units

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Explanation:

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