Reference no: EM132567903
Question 1: Department A is the first stage of Empress Company's production cycle. The following information is available for conversion costs for the month of April 2020.
Units
Work in process, beginning (60% complete) ............ 20,000
Started in April ............ 340,000
Completed in April and transferred to Department B ............ 320,000
Work in process, ending (40% complete) ............ 40,000
Required: Compute the equivalent units for the conversion cost calculation using FIFO Method and Average Method.
Question 2: BongSon Corporation's production cycle starts in the Mixing Department. The following information is available for April:
Units
Work in process, April 1 (50% complete) ............ 20,000
Started in April ............ 240,000
Work in process, April 30 (60% complete) ............ 25,000
Materials are added at 55% stage of completion in the Mixing Department.
Required: Compute the equivalent units of production for Materials and Conversion cost for the month of April using FIFO Method and Average Method.