The production department in a process manufacturing system completed 84,000 units of product and transferred...

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Accounting

The production department in a process manufacturing system completed 84,000 units of product and transferred them to finished goods during a recent period. Of these units, 33,600 were in process at the beginning of the period. The other 50,400 units were started and completed during the period. At period-end, 17,700 units were in process.

Prepare the departments equivalent units of production with respect to direct materials under each of three separate assumptions using the weighted-average method for process costing.

Equivalent Units of Production (EUP)Weighted Average Method

1. All direct materials are added to products when processing begins.

Units

% Materials

EUPMaterials

Total EUP

2. Beginning inventory is 30% complete as to materials and conversion costs. Ending inventory is 80% complete as to materials and conversion costs.

Units

% Materials

EUPMaterials

Total EUP

3. Beginning inventory is 60% complete as to materials and 40% complete as to conversion costs. Ending inventory is 30% complete as to materials and 60% complete as to conversion costs.

Units

% Materials

EUPMaterials

Total EUP

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