Brief Exercise 21-4 Goode Company has the following production data for selected

Question

Brief Exercise 21-4

Goode Company has the following production data for selected months.

Ending
Work in Process

Month

Beginning
Work in Process

Units
Transferred Out

Units

% Complete as to
Conversion Cost

Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process.

Materials

Conversion Costs

Ending
Work in Process

Month

Beginning
Work in Process

Units
Transferred Out

Units

% Complete as to
Conversion Cost

January –0– 39,400 11,000 42 % March –0– 41,500 8,900 75 July –0– 47,100 22,000 22

Explanation / Answer

SOLUTION

Calculations Materials January 39,400 + 11,000 50,400 March 41,500 + 8,900 50,400 July 47,100 + 22,000 69,100

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