Question
Enterprise Company Enterprise Company has the following information available for March: Beginning Work in Process Inventory...
Enterprise Company
Enterprise Company has the following information available for March:
|
Beginning Work in Process Inventory (100% complete as to materials, 40% complete as to conversion) |
7,000 units |
|
Started this period |
32,000 units |
|
Units completed & transferred out |
36,500 units |
|
Ending Work in Process Inventory (100% complete as to materials, 25% complete as to conversion) |
2,500 units |
- Calculate equivalent units of production using Weighted Average. The chart below should help:
Materials Conversion
|
Beg. WIP |
||
|
Units started & completed |
||
|
End WIP |
||
|
Equivalent Units |
2. Calculate equivalents units of production for both materials and conversion using FIFO. The chart below should help:
Materials Conversion
|
Beg. WIP |
||
|
Units started & completed |
||
|
End WIP |
||
|
Equivalent Units |
Homework Answers
Answer #1
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