Crane Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process Units Transferred Out % Complete as to Units Conversion Cost January -0- 28,700 8,200 40 % March -0- 32,800 6,560 75 July -0- 36,900 13,120 25 Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. January March July Materials Conversion Costs
Crane Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process Units Transferred Out % Complete as to Units Conversion Cost January -0- 28,700 8,200 40 % March -0- 32,800 6,560 75 July -0- 36,900 13,120 25 Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. January March July Materials Conversion Costs
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
am. 111.
Transcribed Image Text:Crane Company has the following production data for selected months.
Ending
Work in Process
Month
Beginning
Work in Process
Units
Transferred Out
% Complete as to
Units
Conversion Cost
January
-0-
28,700
8,200
40 %
March
-0-
32,800
6,560
75
July
-0-
36,900
13,120
25
Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of
the process and that conversion costs are incurred uniformly throughout the process.
January
March
July
Materials
Conversion Costs
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