The Converting Department of Soft Touch Towel and Tissue Company had 920 units in work in process at the beginning of the period, which were 60% complete. During the period, 19,200 units were completed and transferred to the Packing Department. There were 1,040 units in process at the end of the period, which were 30% complete. Direct materials are placed into the process at the beginning of production. Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0". Soft Touch Towel and Tissue Company Number of Equivalent Units of Production     Whole Units Direct Materials Equivalent Units Conversion Equivalent Units Inventory in process, beginning fill in the blank 1 fill in the blank 2 fill in the blank 3 Started and completed fill in the blank 4 fill in the blank 5 fill in the blank 6 Transferred to Packing Department fill in the blank 7 fill in the blank 8 fill in the blank 9 Inventory in process, ending fill in the blank 10 fill in the blank 11 fill in the blank 12 Total fill in the blank 13 fill in the blank 14 fill in the blank 15

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The Converting Department of Soft Touch Towel and Tissue Company had 920 units in work in process at the beginning of the period, which were 60% complete. During the period, 19,200 units were completed and transferred to the Packing Department. There were 1,040 units in process at the end of the period, which were 30% complete. Direct materials are placed into the process at the beginning of production.

Determine the number of equivalent units of production with respect to direct materials and conversion costs. If an amount is zero, enter in "0".

Soft Touch Towel and Tissue Company
Number of Equivalent Units of Production
 
  Whole Units Direct Materials
Equivalent Units
Conversion
Equivalent Units
Inventory in process, beginning fill in the blank 1 fill in the blank 2 fill in the blank 3
Started and completed fill in the blank 4 fill in the blank 5 fill in the blank 6
Transferred to Packing Department fill in the blank 7 fill in the blank 8 fill in the blank 9
Inventory in process, ending fill in the blank 10 fill in the blank 11 fill in the blank 12
Total fill in the blank 13 fill in the blank 14 fill in the blank 15
Expert Solution
Step 1

Opening conversion cost=Total units×100-60%=920×40%=368

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