Equivalent Units of Production for each department PROBLEM 2Department I30,000 units,45% doneDepartment II60,000 units, 1/4incompleteDepartment II|40,000 units, 65%In Process, BegcompletePlaced in Process150,000 unitsReceived from preceding dept.153,000 unitsTransferred Out140,000 units? units, 1/3? units, 7/8incompleteIn Process, End65,000 units, 1/5doneincompleteIn Department I, all the materials are added at the start of the process.In Department II, materials are added as follows: 25% at ¼ of the process, 40% at 3/5 of the process,and the remaining 35% at 80% of the process.In Department III, all costs (materials and conversion costs) are evenly applied throughout the process.

PROBLEM 2 Department I : Beginning inventory units = 30000 units which 45% done In beginning…

PROBLEM 2 Department I 30,000 units, 45% done Department II 60,000 units, 1/4 Department II 40,000 units, 65% In Process, Beg incomplete complete Placed in Process 150,000 units Received from preceding dept. 153,000 units 140,000 units 65,000 units, 1/5 incomplete Transferred Out ? units, 7/8 incomplete In Process, End ? units, 1/3 done In Department I, all the materials are added at the start of the process. In Department II, materials are added as follows: 25% at ¼ of the process, 40% at 3/5 of the process, and the remaining 35% at 80% of the process. In Department III, all costs (materials and conversion costs) are evenly applied throughout the process.

PROBLEM 2 Department I 30,000 units, 45% done Department II 60,000 units, 1/4 Department II 40,000 units, 65% In Process, Beg incomplete complete Placed in Process 150,000 units Received from preceding dept. 153,000 units 140,000 units 65,000 units, 1/5 incomplete Transferred Out ? units, 7/8 incomplete In Process, End ? units, 1/3 done In Department I, all the materials are added at the start of the process. In Department II, materials are added as follows: 25% at ¼ of the process, 40% at 3/5 of the process, and the remaining 35% at 80% of the process. In Department III, all costs (materials and conversion costs) are evenly applied throughout the process.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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