Question

Equivalent Units of Production The Converting Department of Hopkinsville Company had 840 units in work in process at the beginning of the period, which were 25% complete. During the period, 17,600 units were completed and transferred to the Packing Department. There were 960 units in process at the end of the period, which were 60% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "O". Hopkinsville Company Number of Equivalent Units of Production Whole Units 840 16,760 Direct Materials Equivalent Units Conversion Equivalent Units 630 Inventory in process, beginning Started and completed 16,760 16,760 Transferred to Packing Department 17,600 Inventory in process, ending 960 Total 18,560

Answer 1

Solution

Direct Materials and Conversion Equivalent Units of Production
	Whole Units	Direct Materials Equivalent Units	Conversion Equivalent Units
Inventory in process, November 1	840	0	630
Started and completed in November	16,760	16760	16760
Transferred to Winding Department in November	17600	16760	17390
Inventory in process, November 30	960	960	576
Total	18560	17720	17966

Working

STEP 1 (FIFO)
Reconciliation of Units
	Units	% already completed		% completed this period
		Material	Conversion cost	Material	Conversion cost
Beginning WIP	840	100%	25%	0%	75%
Units introduced	17,720
Total units to be accounted for	18,560
Completed and Transferred unit	17,600	0%	0%	100%	100%
Ending WIP	960	0%	0%	100%	60%

.

STEP 2 (FIFO)
Equivalent Units
	Total Units	Material		Conversion cost
Units Transferred:		% completed this period	Equivalent Units	% completed this period	Equivalent Units
From WIP	840	0%	-	75%	630
From units started/Introduced	16,760	100%	16,760	100%	16,760
Total	17,600		16,760		17,390
	Total Units	Material		Conversion cost
Ending WIP		% completed this period	Equivalent Units	% completed this period	Equivalent Units
Total	960	100%	960	60%	576
Total EUP	18,560		17,720		17,966