Question

Equivalent Units of Materials Cost The Rolling Department of Kraus Steel Company had 6,200 tons in...

Equivalent Units of Materials Cost

The Rolling Department of Kraus Steel Company had 6,200 tons in beginning work in process inventory (40% complete) on October 1. During October, 38,700 tons were completed. The ending work in process inventory on October 31 was 1,900 tons (20% complete).

What are the total equivalent units for direct materials for October if materials are added at the beginning of the process?
_____ units

Homework Answers

Answer #1
Total equivalent units for direct materials for October            34,400
Rolling Department of Kraus Steel Company (FIFO)
Actual Units
Calculation of Physical UNITS:
Units in beginning inventory 6200
Units started during the period 34400
Units to be accounted for 40600
Actual Units Equivalent Units
Material CC
Units Completed and Transferred 38700
   From units in beginning inventory 6200 0 3720
    From units started 32500 32500 32500
Units in ending inventory 1900 1900 380
A) Equivalent Unit of production 40600 34400 36600
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