inits of Production two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Drawing Department Winding Department 4,900 units, 55% completed 3,500 units, 60% completed 67,100 units 65,800 units 3,700 units, 75% completed 4,800 units, 30% completed egins in the Drawing Department and finishes in the Winding Department. cess, June 1 and transferred to next department during June cess, June 30 ct materials are placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for Ju Drawing Department Direct Materials and Conversion Equivalent Units of Production For June

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Equivalent Units of Production
Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows:
Winding Department
3,500 units, 60% completed
Drawing Department
4,900 units, 55% completed
Work in process, June 1
Completed and transferred to next
67,100 units
processing department during June
Work in process, June 30
3,700 units, 75% completed
Production begins in the Drawing Department and finishes in the Winding Department.
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 June for the Drawing Department. If an amount is zero, enter in "0".
Drawing Department
Direct Materials and Conversion Equivalent Units of Production
For June
Inventory in process, June 1
Started and completed in June
Transferred to Winding Department in June
Inventory in process, June 30
Total
Inventory in process, June 1
Started and completed in June
Transferred to finished goods in June
Inventory in process, June 30
65,800 units
4,800 units, 30% completed
Total
Conversion
Equivalent Units Equivalent Units
Whole Units Direct Materials
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 June for the Winding Department. If an amount is zero, enter in "0".
Winding Department
Direct Materials and Conversion Equivalent Units of Production
For June
Whole Units
Direct Materials Conversion
Equivalent Units Equivalent Units
Transcribed Image Text:Equivalent Units of Production Data for the two departments of Kimble & Pierce Company for June of the current fiscal year are as follows: Winding Department 3,500 units, 60% completed Drawing Department 4,900 units, 55% completed Work in process, June 1 Completed and transferred to next 67,100 units processing department during June Work in process, June 30 3,700 units, 75% completed Production begins in the Drawing Department and finishes in the Winding Department. 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 June for the Drawing Department. If an amount is zero, enter in "0". Drawing Department Direct Materials and Conversion Equivalent Units of Production For June Inventory in process, June 1 Started and completed in June Transferred to Winding Department in June Inventory in process, June 30 Total Inventory in process, June 1 Started and completed in June Transferred to finished goods in June Inventory in process, June 30 65,800 units 4,800 units, 30% completed Total Conversion Equivalent Units Equivalent Units Whole Units Direct Materials 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 June for the Winding Department. If an amount is zero, enter in "0". Winding Department Direct Materials and Conversion Equivalent Units of Production For June Whole Units Direct Materials Conversion Equivalent Units Equivalent Units
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