Refer to the data from Butler Company\'s Finishing Department. Butler Company\'s
ID: 2372673 • Letter: R
Question
Refer to the data from Butler Company's Finishing Department.
Butler Company's Finishing Department
Quantity
Work in Process - Beginning
50
Transferred In From Assembling Department
1420
Transferred Out to Finished Goods
Work in Process - Ending
400
Stage of Completion of Ending Work in Process
Materials
complete
Labor
70%
Factory Overhead
80%
How many units were transferred to Finished Goods?
What are the equivalent production units for materials, labor, and factory overhead, respectively, in the ending Work in Process?
Butler Company's Finishing Department
Quantity
Work in Process - Beginning
50
Transferred In From Assembling Department
1420
Transferred Out to Finished Goods
Work in Process - Ending
400
Stage of Completion of Ending Work in Process
Materials
complete
Labor
70%
Factory Overhead
80%
Explanation / Answer
Opening Balance 50 Units
Transfered from Assembling Dept 1420 Units
Closing WIP 400 Units
Finished Goods 50+1420-400 equal to 1070 Units
Equivalent units in WIP in Material 400
Labour 280 (400*70%)
Overheads 320 (400*80%)