Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for one department for October: Percent Completed Units Materials Conversion Work in process, October 1 30,000 65 % 30 % Work in process, October 31 15,000 80 % 40 % The department started 175,000 units into production during the month and transferred 190,000 completed units to the next department. Required: Compute the equivalent units of production for October.

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amcool amcool · Answer 1 · 2020-05-13T03:05:46+02:00

Answer:

Equivalent units of production for Materials = 202,000 units

Equivalent units of production for Conversion = 196,00 units

Explanation:

Given the following:

Percent Completed

Units Materials Conversion

Work in process, October 1 30,000 65% 30%

Work in process, October 31 15,000 80% 40%

Since,

Equivalent units of Production = Units completed + (Ending Work-in-process * Percentage of Completion)

We therefore have:

Equivalent units of production for Materials = 190,000 + (15,000 * 80%) = 202,000 units

Equivalent units of production for Conversion = 190,000 + (15,000 * 40%) = 196,00 units

andromache andromache · Answer 2 · 2022-02-15T12:58:44+01:00

Equivalent units of production for Materials = 202,000 units

Equivalent units of production for Conversion = 196,00 units

Percent Completed

Units Materials Conversion

Work in process, October 1 30,000 65% 30%

Work in process, October 31 15,000 80% 40%

Working note:

Equivalent units of Production = Units completed + (Ending Work-in-process × Percentage of Completion)

So,

Equivalent units of production for Materials = 190,000 + (15,000 × 80%) = 202,000 units

Equivalent units of production for Conversion = 190,000 + (15,000 × 40%) = 196,00 units

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