FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent
units of production for June for the Winding Department. If an amount is zero, enter in "0".
Winding Department
Direct Materials and Conversion Equivalent Units of Production
For June
Inventory in process, June 1
Started and completed in June
Transferred to finished goods in June
Inventory in process, June 30
Total
Whole Units
Direct Materials Conversion
Equivalent Units Equivalent Units
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Transcribed Image Text:b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Winding Department. If an amount is zero, enter in "0". Winding Department Direct Materials and Conversion Equivalent Units of Production For June Inventory in process, June 1 Started and completed in June Transferred to finished goods in June Inventory in process, June 30 Total Whole Units Direct Materials Conversion Equivalent Units Equivalent Units
Equivalent Units of Production
Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows:
Drawing Department
Winding Department
4,500 units, 50% completed
1,700 units, 75% completed
Work in process, June 1
Completed and transferred to next
processing department during June
Work in process, June 30
3,400 units, 85% completed
Production begins in the Drawing Department and finishes in the Winding Department.
61,700 units
Total
a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent
units of production for June for the Drawing Department. If an amount is zero, enter in "0".
Inventory in process, June 1
Started and completed in June
Transferred to Winding Department in June
Inventory in process, June 30
61,100 units
Drawing Department
Direct Materials and Conversion Equivalent Units of Production
For June
Whole Units
2,300 units, 25% completed
4,500 ✔
Direct Materials Conversion
Equivalent Units Equivalent Units
expand button
Transcribed Image Text:Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department 4,500 units, 50% completed 1,700 units, 75% completed Work in process, June 1 Completed and transferred to next processing department during June Work in process, June 30 3,400 units, 85% completed Production begins in the Drawing Department and finishes in the Winding Department. 61,700 units Total a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for June for the Drawing Department. If an amount is zero, enter in "0". Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 61,100 units Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Whole Units 2,300 units, 25% completed 4,500 ✔ Direct Materials Conversion Equivalent Units Equivalent Units
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