FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Equivalent
Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows:
Drawing Department | Winding Department | |
Work in process, July 1 | 1,250 units, 50% completed | 400 units, 35% completed |
Completed and transferred to next processing department during July |
19,700 units | 19,500 units |
Work in process, July 31 | 900 units, 65% completed | 600 units, 25% completed |
Each department uses the Weighted average method. For each department, assume that direct materials are placed in process during production.
a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department.
Whole units | units |
Equivalent units of production | units |
b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.
Whole units | units |
Equivalent units of production | units |
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