Question

Clonex Labs, Inc., uses the weighted-average method in its process costing system. The following data are available for...

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

UnitsMaterialsConversion
Work in process, October 152,00085%55%
Work in process, October 3134,00066%50%


The department started 389,000 units into production during the month and transferred 407,000 completed units to the next department.


Required:

Compute the equivalent units of production for October.


MaterialsConversion
Equivalent units of production

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Answer #1

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Equivalent units of Production = Units completed + Ending WIP x Completion
Materials = 407000 + 34000 x 66% = 429440 units
Conversion = 407000 + 34000 x 50% = 424000 units

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Answer #2

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UnitsMaterialsConversion
Unit tranferred to the next department  (a)407,000407,000
Ending  Work in process inventory (b)34,000 *66%34,000 * 50%

Equivalent units of production (a)+(b)



429440424000







answered by: Nguyễn Cúc
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