Required information Skip to question [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory 28,800 units Units started and completed 43,200 units Units completed and transferred out 72,000 units Ending work in process inventory 17,100 units Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. quivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when processing begins. Percent Complete Total 2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 70% complete as to direct materials costs. Percent Complete Total 3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 30% complete as to direct materials costs. Percent Complete Total Units EUP Units EUP Units EUP Direct Materials Direct Materials Direct Materials

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Required information Skip to question [The following information applies to the questions displayed below.] The first production
department in a process manufacturing system reports the following unit data. Beginning work in process inventory 28,800 units Units
started and completed 43,200 units Units completed and transferred out 72,000 units Ending work in process inventory 17,100 units
Prepare the production department's equivalent units of production for direct materials under each of the following three separate
assumptions using the weighted average method for process costing.
quivalent Units of Production (EUP)-Weighted Average Method
1. All direct materials are added to products when processing begins.
Percent Complete
Total
2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 70% complete
as to direct materials costs.
Percent Complete
Total
3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 30% complete
as to direct materials costs.
Percent Complete
Total
Units
EUP
Units
EUP
Units
EUP
Direct
Materials
Direct
Materials
Direct
Materials
Transcribed Image Text:Required information Skip to question [The following information applies to the questions displayed below.] The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory 28,800 units Units started and completed 43,200 units Units completed and transferred out 72,000 units Ending work in process inventory 17,100 units Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. quivalent Units of Production (EUP)-Weighted Average Method 1. All direct materials are added to products when processing begins. Percent Complete Total 2. Beginning inventory is 30% complete as to direct materials costs. Ending inventory is 70% complete as to direct materials costs. Percent Complete Total 3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 30% complete as to direct materials costs. Percent Complete Total Units EUP Units EUP Units EUP Direct Materials Direct Materials Direct Materials
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