Question

Oh My Heart, Co. is a manufacturer that uses a process costing system and the weighted...

  1. Oh My Heart, Co. is a manufacturer that uses a process costing system and the weighted average method to calculate costs. The following information is available for the current period for the firm’s Cutting department:

    Units:

       Beginning WIP inventory (100% complete as to materials and 55% complete as to conversion costs)

    75,000

       Units started during the current period

    141,000

       Units completed and transferred out to the next department during the period

    120,000

       Ending WIP inventory (80% complete as to materials and 50% complete as to conversion costs)

    96,000

    Costs:

       Beginning WIP inventory, direct materials costs

    $35,000

    Beginning WIP inventory, conversion costs

    $43,500

       Direct materials costs incurred during the current period

    $177,500

       Conversion costs incurred during the current period

    $318,900


    Calculate the equivalent units of production (EUP) with respect to direct materials.

    a.

    172,800

    b.

    196,800

    c.

    140,400

    d.

    216,000

    e.

    168,000

Homework Answers

Answer #1

Correct answer--------------(b) 196,800

Working

Statement of Equivalent Units(Weighted average)
Material
Units Complete % Equivalent units
Transferred out            120,000 100%                  120,000
Ending WIP              96,000 80%                    76,800
Total            216,000 Total                  196,800
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