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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 29% complete as to conversion costs; units transferred out 9,300 units; and ending work in process 9,100 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of Novomber.
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 29% complete as to conversion costs; units transferred out 9,300 units; and ending work in process 9,100 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of Novomber.
Answer:(A) 18,400 units(B) 12,940 unitsExplanation:The computation of the equivalent units of production for(A) Material = Units transferred out + Ending work in process= 9,300 units + 9,100 units= 18,400 units(B) Conversion = Units transferred out + (Ending work in process × conversion percentage)= 9,300 units + 9,100 units × 40%= 9,300 units + 3,640 units= 12,940 units...
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