A process manufacturer reports the following: Units Conversion Percent Complete Beginning work in process inventory 186,000 80% Units started this period 400,000 Units completed and transferred out 430,000 Ending work in process inventory 156,000 35% (a) Compute the number of units started and completed this period. (b) Compute the total equivalent units of production for conversion. The company uses the FIFO method.
A process manufacturer reports the following: Units Conversion Percent Complete Beginning work in process inventory 186,000 80% Units started this period 400,000 Units completed and transferred out 430,000 Ending work in process inventory 156,000 35% (a) Compute the number of units started and completed this period. (b) Compute the total equivalent units of production for conversion. The company uses the FIFO method.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A process manufacturer reports the following:
Units | Conversion | |
---|---|---|
Percent Complete | ||
Beginning work in process inventory | 186,000 | 80% |
Units started this period | 400,000 | |
Units completed and transferred out | 430,000 | |
Ending work in process inventory | 156,000 | 35% |
(a) Compute the number of units started and completed this period.
(b) Compute the total equivalent units of production for conversion. The company uses the FIFO method.
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