Equivalent Units of Production Data for the two departments of Gurley Industries for September of the current fiscal year are as follows: Drawing Department Winding Department 5,200 units, 50% completed 2,700 units, 65% completed Work in process, September 1 Completed and transferred to next processing department during September Work in process, September 30 4,000 units, 70% completed Production begins in the Drawing Department and finishes in the Winding Department. 71,200 units 70,200 units 3,700 units, 30% completed a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for September for the Drawing Department. If an amount is zero, enter in "0". Direct Materials Drawing Department Direct Materials and Conversion Equivalent Units of Production For September Conversion
Process Costing
Process costing is a sort of operation costing which is employed to determine the value of a product at each process or stage of producing process, applicable where goods produced from a series of continuous operations or procedure.
Job Costing
Job costing is adhesive costs of each and every job involved in the production processes. It is an accounting measure. It is a method which determines the cost of specific jobs, which are performed according to the consumer’s specifications. Job costing is possible only in businesses where the production is done as per the customer’s requirement. For example, some customers order to manufacture furniture as per their needs.
ABC Costing
Cost Accounting is a form of managerial accounting that helps the company in assessing the total variable cost so as to compute the cost of production. Cost accounting is generally used by the management so as to ensure better decision-making. In comparison to financial accounting, cost accounting has to follow a set standard ad can be used flexibly by the management as per their needs. The types of Cost Accounting include – Lean Accounting, Standard Costing, Marginal Costing and Activity Based Costing.
![b. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for
September for the Winding Department. If an amount is zero, enter in "0".
Winding Department
Direct Materials and Conversion Equivalent Units of Production
For September
Line Item Description
Inventory in process, September 1
Started and completed in September
Transferred to finished goods in September
Inventory in process, September 30
Total
Whole Units
Direct Materials Conversion
Equivalent Units Equivalent Units](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d1902da-7136-4e03-a2f5-2ee90373f1ad%2F427564b3-9eff-4762-aef0-5040ac4ec0a7%2F8mbr8pe_processed.png&w=3840&q=75)
![Equivalent Units of Production
Data for the two departments of Gurley Industries for September of the current fiscal year are as follows:
Drawing Department
Winding Department
5,200 units, 50% completed
2,700 units, 65% completed
Work in process, September 1
Completed and transferred to next
processing department during September
Work in process, September 30
4,000 units, 70% completed
Production begins in the Drawing Department and finishes in the Winding Department.
71,200 units
Total
a. If all direct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for
September for the Drawing Department. If an amount is zero, enter in "0".
Line Item Description
Inventory in process, September 1
Started and completed in September
Transferred to Winding Department in September
Inventory in process, September 30
Drawing Department
Direct Materials and Conversion Equivalent Units of Production
For September
70,200 units
Whole Units
3,700 units, 30% completed
5,200 ✓
Direct Materials Conversion
Equivalent Units Equivalent Units
2,600 X
2,600 ✓](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0d1902da-7136-4e03-a2f5-2ee90373f1ad%2F427564b3-9eff-4762-aef0-5040ac4ec0a7%2F0u8cfmi_processed.png&w=3840&q=75)
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