Question

The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3,700 units that are 100% complete as to materials and 23% complete as to conversion costs; units transferred out 9,400 units; and ending work in process 8,300 units that are 100% complete as to materials and 47% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

Answer 1

Answer:

Equivalent unit(material) = 17,700

Equivalent unit(conversion costs) = 13,301

Explanation:

A. Computation for equivalent unit(material)

Particular                                                    Unit

Units transferred                                       9,400

Ending work in process 8,300(100%)      8,300

Equivalent unit(material)                         17,700

B. Computation for equivalent unit(conversion costs)

Particular                                                      Unit

Units transferred                                         9,400

Ending work in process 8,300(47%)          3,901

Equivalent unit(conversion costs)          13,301