Croda Company has 1,600 units of beginning inventory in their WIP which are 61% complete with respect to conversion costs. During the period, 21,600 units were completed and transferred leaving 3,600 units in the WIP at the end of the period. Ending inventory is only 50% complete with respect to conversion costs. Both beginning and ending inventory are 100% complete with respect to direct materials. Assume that the weighted-average method is used. Calculate the equivalent units of production for direct materials and conversion costs. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole unit. Inputs Outputs Beginning WIP Add Current Total Production Completed Transfer Out Ending WIP Total Outputs Month Direct Materials Answer Units Answer Answer Answer Answer Answer % Equivalent Completed Answer% Answer% Conversion Equivalent Units Answer Answer Answer Answer
Croda Company has 1,600 units of beginning inventory in their WIP which are 61% complete with respect to conversion costs. During the period, 21,600 units were completed and transferred leaving 3,600 units in the WIP at the end of the period. Ending inventory is only 50% complete with respect to conversion costs. Both beginning and ending inventory are 100% complete with respect to direct materials. Assume that the weighted-average method is used. Calculate the equivalent units of production for direct materials and conversion costs. Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole unit. Inputs Outputs Beginning WIP Add Current Total Production Completed Transfer Out Ending WIP Total Outputs Month Direct Materials Answer Units Answer Answer Answer Answer Answer % Equivalent Completed Answer% Answer% Conversion Equivalent Units Answer Answer Answer Answer
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Croda Company has 1,600 units of beginning inventory in their WIP which are 61% complete with
respect to conversion costs. During the period, 21,600 units were completed and transferred leaving
3,600 units in the WIP at the end of the period. Ending inventory is only 50% complete with respect
to conversion costs. Both beginning and ending inventory are 100% complete with respect to direct
materials. Assume that the weighted-average method is used.
Calculate the equivalent units of production for direct materials and conversion costs.
Do not enter dollar signs or commas in the input boxes.
Round all answers to the nearest whole unit.
Inputs
Outputs
Beginning WIP Add
Current
Month
Total
Production
Completed
Transfer Out
Ending
WIP
Total
Outputs
Direct Materials Answer
Units
Answer
Answer
Answer
Answer
Answer
% Equivalent
Completed
Answer% Answer%
Conversion
Answer
Answer
Answer
Answer
Equivalent
Units
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