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What are the equivalent units of production

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PROBLEM 1 - Bart Co. adds materials at the end of the process in Department M. the following information pertain to Department M's work in process during April:

UNITS

Work in process, April 1 (60% complete as to conversion cost) 3,000

Started in April 25,000

Completed 20,000

Work in process, April 30 (75% complete as to conversion cost) 8,000

Required -

1. What are the equivalent units of production (both for materials and conversion) for the month of April using FIFO method?

2. What are the equivalent units of production (both for materials and conversion) for the month of April using weighted average method?

PROBLEM 2 - Sussex Corporation's production cycle starts in the Mixing Department. The following information is available for April:

UNITS

Work in process, April 1 (50% complete) 40,000

Started in April 240,000

Work in process, April 30 (60% complete) 25,000

Required -

1. Materials are added at 55% stage of completion in the Mixing Department. What are the equivalent units of production for the month of April under FIFO method?

2. What are the equivalent units of production for the month of April under average method?

Reference no: EM132765413

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