Figure 6-5. For the current period, Haley Co. started 20,000 units and completed 8,000 units,...
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Figure 6-5. For the current period, Haley Co. started 20,000 units and completed 8,000 units, leaving 12,000 units in process 40% complete. |
12. Refer to Figure 6-5. How many equivalent units of production did Haley Co. have for the period?
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13. Refer to Figure 6-5. If Haley Co. incurred $31,800 in production costs what was Haley's cost per equivalent unit for the period?
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14. The following information is provided:
Materials and conversion are incurred uniformly throughout the process. Equivalent units of production for conversion using the weighted average method would be
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Figure 6-6. The Martin Company uses the weighted average method. The beginning work in process consists of 6,000 units (100% completed as to materials and 50% complete as to conversion costs). The number of units completed was 120,000. The ending work in process consists of 10,000 units (100% complete as to materials and 20% complete as to conversion costs). |
15. Refer to Figure 6-6. What are the equivalent units of production for conversion costs?
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