The Converting Department of Worley Company had 880 units in work in process at the beginning of the period, which were 30% complete. During the period, 18,400 units were completed and transferred to the Packing Department. There were 1,000 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". Worley Company Number of Equivalent Units of Production Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total Whole Units Direct Materials Conversion Equivalent Units Equivalent Units

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
icon
Related questions
icon
Concept explainers
Topic Video
Question
Problem Set: Module 2
1. EX.03.06.ALGO
2. EX.02.13.BLANKSHEET.ALGO
3. TMM.02.03
4. EX.02.11.EXCEL.ALGO
5. EX.03.05.ALGO
EX.03.03.BLANKSHEET.ALGO
Equivalent Units of Production
The Converting Department of Worley Company had 880 units
in work in process at the beginning of the period, which were
30% complete. During the period, 18,400 units were completed
and transferred to the Packing Department. There were 1,000
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".
Worley Company
Number of Equivalent Units of Production
Inventory in process, beginning
Started and completed
Transferred to Packing Department
Inventory in process, ending
Total
Whole Units
Direct Materials Conversion
Equivalent Units Equivalent Units
со
Transcribed Image Text:Problem Set: Module 2 1. EX.03.06.ALGO 2. EX.02.13.BLANKSHEET.ALGO 3. TMM.02.03 4. EX.02.11.EXCEL.ALGO 5. EX.03.05.ALGO EX.03.03.BLANKSHEET.ALGO Equivalent Units of Production The Converting Department of Worley Company had 880 units in work in process at the beginning of the period, which were 30% complete. During the period, 18,400 units were completed and transferred to the Packing Department. There were 1,000 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". Worley Company Number of Equivalent Units of Production Inventory in process, beginning Started and completed Transferred to Packing Department Inventory in process, ending Total Whole Units Direct Materials Conversion Equivalent Units Equivalent Units со
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 3 steps

Blurred answer
Knowledge Booster
Costing Systems
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education