T2-5 Calculate equivalent units Sury Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 8,000 Added to production 45,000 Completed and transferred out ? Ending inventory, April 30 5,000 Ending inventory was 100% complete with respect to materials and 80% complete with respect to conversion costs. Questions: a.How many units were transferred out of Work in Process Inventory? b.What were the equivalent units of production for materials? c.What were the equivalent units of production for conversion?
T2-5 Calculate equivalent units Sury Company reported the following information for the month of April: Units Work in Process Beginning inventory, April 1 8,000 Added to production 45,000 Completed and transferred out ? Ending inventory, April 30 5,000 Ending inventory was 100% complete with respect to materials and 80% complete with respect to conversion costs. Questions: a.How many units were transferred out of Work in Process Inventory? b.What were the equivalent units of production for materials? c.What were the equivalent units of production for conversion?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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T2-5 Calculate equivalent units Sury Company reported the following information for the month of April:
|
Units
|
|
| Work in Process | |
| Beginning inventory, April 1 |
8,000
|
| Added to production |
45,000
|
| Completed and transferred out |
?
|
| Ending inventory, April 30 |
5,000
|
Ending inventory was 100% complete with respect to materials and 80% complete with respect to conversion costs.
Questions:
a.How many units were transferred out of Work in Process Inventory?
b.What were the equivalent units of production for materials?
c.What were the equivalent units of production for conversion?
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