Question A department adds raw materials to a process at the beginning of the pr

Question

Question A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of anuary, there were no units in the beginning work in process inventory; 91300 units were started into production in January; and there were 20400 units that were 30% complete in the ending work in process inventory at the end of January. What were the equivalent units of production for materials for the month of anuary? 91300 equivalent units 97420 equivalent units 70900 equivalent units 85180 equivalent units.

Explanation / Answer

Answer. 91,300 equivalent units Particulars Equivalent Units Physical Units Materials Conversion Costs Units to be accounted for Work in process - Beginning                   -   Started into production            91,300 Total units            91,300 Units accounted for Transferred out (91,300 - 20,400)            70,900            70,900          70,900 Work in process, Ending            20,400            20,400            6,120 (100% materials, 30% conversion costs) Equivalent units accounted for            91,300            91,300          77,020

Related Questions

Navigate

• Browse (All)
• Browse Q
• Subjects

---