Question

EZU-21 (similar to) roducts Step by Step process the company w h as departments a ve method ning and P r oc is one month of May for the Step by Step Painting prepares and packages p Conoscono ed evenly through a ck the icon to www the data om May) Read the ments e de e w t e n shows processes and the end of the n process and D Step by Step Painting Production Cost Report i ng Department Partia Month Ended May 31 Equivalent Units Physical Direct Conversion Costs Gallo 9.500 gallon Started production Completed and traded out to Packaging May Ending Work in Process Inventory 30% of the way through the binding process) Costs Beginning won Process inventory Cos dedung May Drac materials Director Manufacturing over Choose from any list or enter any number in the input fields and then click Check Answer Done Check Awe 2 mg 1

Answer 1

Solution

		Equivalent units
	Physical Units	Direct material	Conversion Costs
Units to account for
Units in beginning inventory	-
Units started	9,500
Total units to be accounted for	9,500
Units accounted for	Physical Units	Direct material	Conversion Costs
Units completed and transferred out	6,000	6,000	6,000
Ending Inventory	3,500	3,500	1,050
Total units accounted for	9,500	9,500	7,050

.

Statement of Equivalent Units(Weighted average)
				Material		Conversion cost
	Units			Complete %	Equivalent units	Complete %	Equivalent units
Transferred out	6,000			100%	6,000	100%	6,000
Ending WIP	3,500			100%	3,500	30%	1,050
Total	9,500			Total	9,500	Total	7,050