Data for Ajax Company for a recent month appears below. Ajax uses weighted average process costing to assign costs to ending Goods-in-Process inventory and to Finished Goods inventory. Beginning Goods-in-Process value of $6,408; $2,325 direct materials, $2,215 direct labor, and $1,868 overhead. An analysis of physical units shows Beginning Goods-in-Process 400 units Units completed 2,100 units Started during the month 2,000 Ending Goods-in-Process 300 2,400 2,400 Costs incurred during the current month total $39,000; $15,000 direct materials, $5,000 direct labor, and $19,000 overhead. Ending Goods-in-Process is 70% complete with respect to direct materials and 40% complete with respect to direct labor and overhead. Complete the following table to compute equivalent units of production for direct materials, labor, and overhead. Equivalent Units of Production Material Conversion Units completed and transferred out Units of ending goods in process Equivalent units of production
Data for Ajax Company for a recent month appears below. Ajax uses weighted average
Beginning Goods-in-Process value of $6,408; $2,325 direct materials, $2,215 direct labor, and $1,868
An analysis of physical units shows
Beginning Goods-in-Process 400 units Units completed 2,100 units
Started during the month 2,000 Ending Goods-in-Process 300
2,400 2,400
Costs incurred during the current month total $39,000; $15,000 direct materials, $5,000 direct labor, and $19,000 overhead.
Ending Goods-in-Process is 70% complete with respect to direct materials and 40% complete with respect to direct labor and overhead.
- Complete the following table to compute equivalent units of production for direct materials, labor, and overhead.
|
Equivalent Units of Production |
Material |
Conversion |
|
Units completed and transferred out |
|
|
|
Units of ending goods in process |
|
|
|
Equivalent units of production |
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