Question

1.Dewey Company produces plastic cups in a one-department process. The following data is available for the...

1.Dewey Company produces plastic cups in a one-department process. The following data is available for the past month:

Work-in-process inventory, beginning                         0

Units started                                                       60,000

Units completed and transferred                          50,000

Work-in-process inventory, ending                      10,000

The units in process at the end of the month are 100 percent complete with respect to materials and 75 percent complete with respect to conversion costs. What are the equivalent units for conversion costs for the month?

A) 12,000

B) 30,000

C) 54,000

D) 57,500

Business   Accounting   
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Answer #1

THERE IS NO OPENING WORK IN PROGRESS

UNITS STARTED ARE 60000 OUT OF WHICH 50000 UNITS WERE COMPLETED AND TRANSFERRED

ENDING WORK IN PROGRESS IS 10000 100% COMPLETE AS TO MATERIALS AND 75% COMPLETE AS TO CONVERSION COST

TOTAL EQUIVALENT UNITS FOR CONVERSION COT IS

UNITS COMPLETED AND TRANSFERRED IS 50000 UNITS

10000 UNITS WORK IN PROGRESS 75% COMPLETE AS TO CONVRSION COST

THEREFORE EQUIVALENTS UNITS ARE (10000*75%) = 7500 UNITS

TOTAL EQUIVALENT UNITS FOR CONVERSION COST IS = 57500 UNITS

OPTION 'D' IS CORRECT   

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