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Goode Company has the following production data for selected months. Ending Work in Process Month Beginning...

Goode Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process Units Transferred Out Units % Complete as to Conversion Cost January –0– 37,100 10,600 42 % March –0– 42,000 8,200 70 July –0– 48,800 21,200 25 Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July

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answer: Equivalent units of production for msterials and conversion costs:

januaury march july
Material conversion Material Conversion Material Conversion
percentage Units percentage Units percetage% Units percentage Units Pecentage Units Percentage Units
Beginning work in process 100% 37100 58% 21518 100% 42000 30% 12600 100% 48800 75% 36600
Units transfered out 100% 10600 100% 10600 100% 8200 100% 8200 100% 21200 100% 21200
Equivalent units 47700 32118 50200 20800 70000 57800
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