Question Completion:
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.
Answer:
1. The number of units transferred to the Finished Goods Inventory is 218,000.
2. Number of equivalent units with respect to materials and conversion:
Materials = 305,600
Conversion = 264,600
Explanation:
a) Data and Calculations:
                                               Materials     Conversion
Beginning inventory                  60%             40%
Units completed before          36,000           24,000
Units completed now              24,000           36,000
Equivalent units of production:
Started and completed         240,000        240,000
Ending inventory (82,000 units) 80%           30%
=                                               65,600          24,600
Total equivalent unit            305,600        264,600 
The number of units transferred to finished:
Beginning inventory units         60,000
Units started and completed  240,000
Total units available                300,000
less Ending inventory units      82,000
Units transferred out              218,000
b) Using the weighted-average method, the equivalent units of production are equal to the units started and completed plus the units of ending inventory based on the degree of completion.