Question

A department adds raw materials to a process at the beginning of the process and incurs...

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of March, there were 5,000 units in the beginning work in process inventory; 70,000 units were started into production in March; and there were 25,000 units that were 60% complete in the ending work in process inventory at the end of March. What were the equivalent units of production for materials for the month of March?

58,000 equivalent units

55,000 equivalent units

75,000 equivalent units

82,000 equivalent units

Knowledge Check 02

A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of March, there were 5,000 units in the beginning work in process inventory; 70,000 units were started into production in March; and there were 25,000 units that were 60% complete in the ending work in process inventory at the end of March. What were the equivalent units of production for conversion costs for the month of March?

58,000 equivalent units

65,000 equivalent units

75,000 equivalent units

82,000 equivalent units

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Answer #1
Units started 70000
(+) Beginning units 5000
(-) Ending units 25000
Units completed 50000
As the materials are added at the beginning of the process, they 100% completed when they are introduced in the process .
Materials
Units completed 50000
(+) Ending equivalent units [ Ending units * % completion = 25000*100% ] 25000
Equivalent units of production 75000
Materials
Equivalent units of production 50000
(+) Ending equivalent units [ Ending units * % completion = 25000*60% ] 15000
Equivalent units of production 65000
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