Equivalent Units of Production Kellogg Company (K) manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 1,200 pounds of cereal in the packing machine hopper (enough for 800 24-oz. boxes), and 800 empty 24-oz. boxes held in the package carousel of the packing machine. During March, 65,400 boxes of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the packing machine hopper held 900 pounds of cereal, and the package carousel held 600 empty 24-oz. (1½-pound) boxes. Assume that once a box is filled with cereal, it is immediately transferred to the finished goods warehouse. Determine the equivalent units of production for cereal, boxes, and conversion costs for March. An equivalent unit is defined as "pounds" for cereal and "24-oz. boxes" for boxes and conversion costs. If an amount is zero, enter in "0". Kellogg Company Equivalent Units of Production for Cereal, Boxes, and Conversion Cost For March Cereal (in pounds) Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory in process, March 31 Total Boxes (in boxes) Conversion Cost (in boxes)

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Equivalent Units of Production
Kellogg Company (K) manufactures cold cereal products,
such as Frosted Flakes. Assume that the inventory in
process on March 1 for the Packing Department included
1,200 pounds of cereal in the packing machine hopper
(enough for 800 24-oz. boxes), and 800 empty 24-oz.
boxes held in the package carousel of the packing machine.
During March, 65,400 boxes of 24-oz. cereal were
packaged. Conversion costs are incurred when a box is
filled with cereal. On March 31, the packing machine
hopper held 900 pounds of cereal, and the package
carousel held 600 empty 24-oz. (12-pound) boxes.
Assume that once a box is filled with cereal, it is
immediately transferred to the finished goods warehouse.
Determine the equivalent units of production for cereal,
boxes, and conversion costs for March. An equivalent unit is
defined as "pounds" for cereal and "24-oz. boxes" for boxes
and conversion costs. If an amount is zero, enter in "0".
Kellogg Company
Equivalent Units of Production for Cereal, Boxes, and
Conversion Cost
For March
Cereal (in
pounds)
Inventory in process, March 1
Started and completed in
March
Transferred to finished goods in
March
Inventory process, March 31
Total
Boxes (in
boxes)
Conversion Cost (in
boxes)
Transcribed Image Text:Equivalent Units of Production Kellogg Company (K) manufactures cold cereal products, such as Frosted Flakes. Assume that the inventory in process on March 1 for the Packing Department included 1,200 pounds of cereal in the packing machine hopper (enough for 800 24-oz. boxes), and 800 empty 24-oz. boxes held in the package carousel of the packing machine. During March, 65,400 boxes of 24-oz. cereal were packaged. Conversion costs are incurred when a box is filled with cereal. On March 31, the packing machine hopper held 900 pounds of cereal, and the package carousel held 600 empty 24-oz. (12-pound) boxes. Assume that once a box is filled with cereal, it is immediately transferred to the finished goods warehouse. Determine the equivalent units of production for cereal, boxes, and conversion costs for March. An equivalent unit is defined as "pounds" for cereal and "24-oz. boxes" for boxes and conversion costs. If an amount is zero, enter in "0". Kellogg Company Equivalent Units of Production for Cereal, Boxes, and Conversion Cost For March Cereal (in pounds) Inventory in process, March 1 Started and completed in March Transferred to finished goods in March Inventory process, March 31 Total Boxes (in boxes) Conversion Cost (in boxes)
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