Computing EUP, first and second departmentsSelected production and cost data of Laura’s Caliper Co. follow for May 2018.On May 31, the Mixing Department ending Work-in-Process Inventory Was 80% complete for materials and 45% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 60% complete for materials and 35% Complete for conversion costs. The company uses the Weighted-average method.RequirementsCompute the equivalent units of production for direct materials and for conversion costs for the Mixing Department.Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Heating Department. Mixing Department Heating DepartmentUnits to account for:Beginning work-in-process, April 3025,00010,000Started in May90,000Transferred in during May90,000Total units to account for115,000100,000Units accounted for:Completed and transferred out during May90,00082,000Ending work-in-process, May 3125,00018,000Total units accounted for115,000100,000

Answered: Mixing Department Heating Department…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

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Computing EUP, first and second departments

Selected production and cost data of Laura’s Caliper Co. follow for May 2018.

On May 31, the Mixing Department ending Work-in-Process Inventory Was 80% complete for materials and 45% complete for conversion costs. The Heating Department ending Work-in-Process Inventory was 60% complete for materials and 35% Complete for conversion costs. The company uses the Weighted-average method.

Requirements

Compute the equivalent units of production for direct materials and for conversion costs for the Mixing Department.
Compute the equivalent units of production for transferred in costs, direct materials, and conversion costs for the Heating Department.

Mixing Department Heating Department
Units to account for:
Beginning work-in-process, April 30
25,000
10,000
Started in May
90,000
Transferred in during May
90,000
Total units to account for
115,000
100,000
Units accounted for:
Completed and transferred out during May
90,000
82,000
Ending work-in-process, May 31
25,000
18,000
Total units accounted for
115,000
100,000

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