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A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method and it reports the following data. Units completed in the Assembly department are transferred to the Painting department. Units 75,000 900,000 885,000 90,000 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Production cost information for the Assembly department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials. Conversion $ 134,400 Direct materials Conversion Percent Percent Complete Complete 40% 45,900 $ 180,300 60% 80% 30% $ 3,693,600 2,690,100 $ 6,383,700 Calculate the equivalent units of production for both direct materials and conversion for the Assembly department.

A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method and it reports the following data. Units completed in the Assembly department are transferred to the Painting department. Units 75,000 900,000 885,000 90,000 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Production cost information for the Assembly department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials. Conversion $ 134,400 Direct materials Conversion Percent Percent Complete Complete 40% 45,900 $ 180,300 60% 80% 30% $ 3,693,600 2,690,100 $ 6,383,700 Calculate the equivalent units of production for both direct materials and conversion for the Assembly department.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method and it reports the following data. Units completed in the Assembly department are transferred to the Painting department. Direct materials Conversion Percent Units. Percent Complete 75,000 900,000 885,000 90,000 $ 134,400 45,900 60% $ 180,300 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Production cost information for the Assembly department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials $ 3,693,600 Conversion 2,690,100 $ 6,383,700 Calculate the equivalent units of production for both direct materials and conversion for the Assembly department. Complete 40% 80% 30%
Transcribed Image Text:A manufacturer has two manufacturing departments, Assembly and Painting. The company uses the FIFO method and it reports the following data. Units completed in the Assembly department are transferred to the Painting department. Direct materials Conversion Percent Units. Percent Complete 75,000 900,000 885,000 90,000 $ 134,400 45,900 60% $ 180,300 Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Production cost information for the Assembly department follows. Beginning work in process Direct materials Conversion Costs added this period Direct materials $ 3,693,600 Conversion 2,690,100 $ 6,383,700 Calculate the equivalent units of production for both direct materials and conversion for the Assembly department. Complete 40% 80% 30%
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