FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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The Kirkland Department of Bridgeport Company began the month of December with work in process inventory of 3,440 units that are 100% complete as to materials
and 30% complete as to conversion costs. Units completed and transferred out are 8,600 units. Ending work in process inventory contains 6,880 units that are 100%
complete as to materials and 60% complete as to conversion costs.
Compute the equivalent units of production for materials and conversion costs for the month of December.
QUANTITIES
Units to be accounted for
Work in process inventory, 12/1
Started into production
Total units to be accounted for
Units accounted for
Completed and transferred out
Work in process inventory, 12/31
Total units accounted for
Equivalent Units of Production
Physical Units
Materials
Conversion Costs
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Transcribed Image Text:The Kirkland Department of Bridgeport Company began the month of December with work in process inventory of 3,440 units that are 100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 8,600 units. Ending work in process inventory contains 6,880 units that are 100% complete as to materials and 60% complete as to conversion costs. Compute the equivalent units of production for materials and conversion costs for the month of December. QUANTITIES Units to be accounted for Work in process inventory, 12/1 Started into production Total units to be accounted for Units accounted for Completed and transferred out Work in process inventory, 12/31 Total units accounted for Equivalent Units of Production Physical Units Materials Conversion Costs
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