Errors in Equivalent Unit Computation Napco Refining Company processes gasoline. On June 1 of the current year, 6,400 units were 3/5 completed in the Blending Department. During June, 55,000 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 55,000 units entering the department, all were completed except 5,200 units that were 1/5 completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows: Equivalent units of production in June: To process units in inventory on June 1: 6,400 x 3/5 To process units started and completed in June: 55,000 -6,400 To process units in inventory on June 30: 5,200 x 1/5 Equivalent units of production 3,840 To process units in inventory on June 1 To process units started and completed in June To process units in inventory on June 30 Equivalent units of production 48,600 1,040 53,480 Enter the correct amounts in the computation of equivalent units for conversion costs for the Blending Department for June.

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Errors in Equivalent Unit Computation
Napco Refining Company processes gasoline. On June 1 of the
current year, 6,400 units were 3/5 completed in the Blending
Department. During June, 55,000 units entered the Blending
Department from the Refining Department. During June, the
units in process at the beginning of the month were
completed. Of the 55,000 units entering the department, all
were completed except 5,200 units that were 1/5 completed.
The equivalent units for conversion costs for June for the
Blending Department were computed as follows:
Equivalent units of production in June:
To process units in inventory on June 1: 6,400 x
3/5
To process units started and completed in June:
55,000 - 6,400
To process units in inventory on June 30: 5,200
x 1/5
Equivalent units of production
3,840
To process units in inventory on June 1
To process units started and completed in June
To process units in inventory on June 30
Equivalent units of production
48,600
1,040
53,480
Enter the correct amounts in the computation of equivalent
units for conversion costs for the Blending Department for
June.
Transcribed Image Text:Errors in Equivalent Unit Computation Napco Refining Company processes gasoline. On June 1 of the current year, 6,400 units were 3/5 completed in the Blending Department. During June, 55,000 units entered the Blending Department from the Refining Department. During June, the units in process at the beginning of the month were completed. Of the 55,000 units entering the department, all were completed except 5,200 units that were 1/5 completed. The equivalent units for conversion costs for June for the Blending Department were computed as follows: Equivalent units of production in June: To process units in inventory on June 1: 6,400 x 3/5 To process units started and completed in June: 55,000 - 6,400 To process units in inventory on June 30: 5,200 x 1/5 Equivalent units of production 3,840 To process units in inventory on June 1 To process units started and completed in June To process units in inventory on June 30 Equivalent units of production 48,600 1,040 53,480 Enter the correct amounts in the computation of equivalent units for conversion costs for the Blending Department for June.
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