Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units worked on during the period. Beginning Ending Work in Process Work in Process Conversion Conversion Complete Units Units Complete Started (percent) Units (percent) Month Units Transferred Out February 1,700 45 19,100 7,500 29 4,300 3,900 June 66 24,100 39 September 20 25,900 25,000 3,200 55 December 3,500 32 22,000 21,100 74 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method Equivalent Units Conversion Month Materials February June September December
Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units worked on during the period. Beginning Ending Work in Process Work in Process Conversion Conversion Complete Units Units Complete Started (percent) Units (percent) Month Units Transferred Out February 1,700 45 19,100 7,500 29 4,300 3,900 June 66 24,100 39 September 20 25,900 25,000 3,200 55 December 3,500 32 22,000 21,100 74 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method Equivalent Units Conversion Month Materials February June September December
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows:
Required:
1. Reconcile the number of physical units worked on during the period.
Beginning
Ending
Work in Process
Work in Process
Conversion
Conversion
Complete
Units
Units
Complete
Started
(percent)
Units
(percent)
Month
Units
Transferred Out
February
1,700
45
19,100
7,500
29
4,300
3,900
June
66
24,100
39
September
20
25,900
25,000
3,200
55
December
3,500
32
22,000
21,100
74
2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method
Equivalent Units
Conversion
Month
Materials
February
June
September
December
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