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The Converting Department of Osaka Napkin Company uses the average cost method and had 3,100 units in work in process that were 60% complete at the beginning of the period. During the period, 39,100 units were completed and transferred to the Packing Department. There were 1,700 units in process that were 30% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period.

The Converting Department of Osaka Napkin Company uses the average cost method and had 3,100 units in work in process that were 60% complete at the beginning of the period. During the period, 39,100 units were completed and transferred to the Packing Department. There were 1,700 units in process that were 30% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period.

FINANCIAL ACCOUNTING
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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The Converting Department of Osaka Napkin Company uses the average cost method and had 3,100 units in work in process that were 60% complete at the beginning of the period. During the period, 39,100 units were completed and transferred to the Packing Department. There were 1,700 units in process that were 30% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period.
Transcribed Image Text:The Converting Department of Osaka Napkin Company uses the average cost method and had 3,100 units in work in process that were 60% complete at the beginning of the period. During the period, 39,100 units were completed and transferred to the Packing Department. There were 1,700 units in process that were 30% complete at the end of the period. a. Determine the number of whole units to be accounted for and to be assigned costs for the period. b. Determine the number of equivalent units of production for the period.
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