FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Equivalent Units of Production
Data for the two departments of Kimble & Pierce Company
for June of the current fiscal year are as follows:
Work in process, June 1
Completed and transferred to next
processing department during June
Work in process, June 30
Inventory in process, June 1
Started and completed in June
Transferred to Winding Department in
June
Inventory in process, June 30
Total
Drawing Department
6,600 units, 50% completed
5,000 units, 50% completed
2,600 units, 10%
Broduction begins in the Drawing Department and finishes
h the Winding Department.
90,400 units
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".
Drawing Department
Direct Materials and onversion 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
Winding De
1,900 units, 85%
Whole
Units
89,700 units
Direct
Materials
Equivalent
Units
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
Whole Units Direct Materials
Conversion
Equivalent
Units
Conversion
Equivalent Units Equivalent Units
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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: Work in process, June 1 Completed and transferred to next processing department during June Work in process, June 30 Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 Total Drawing Department 6,600 units, 50% completed 5,000 units, 50% completed 2,600 units, 10% Broduction begins in the Drawing Department and finishes h the Winding Department. 90,400 units 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". Drawing Department Direct Materials and onversion 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 Winding De 1,900 units, 85% Whole Units 89,700 units Direct Materials Equivalent Units 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 Whole Units Direct Materials Conversion Equivalent Units Conversion Equivalent Units Equivalent Units
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