The Kirkland Department of Culver Company began the month of December with work in process inventory of 4,640 units that are 100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 11,600 units. Ending work in process inventory contains 9,280 units that are 100% complete as to materials and 60% complete as to conversion costs. Compute the equivalent units of production for materials and conversion costs for the month of December.
The Kirkland Department of Culver Company began the month of December with work in process inventory of 4,640 units that are 100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 11,600 units. Ending work in process inventory contains 9,280 units that are 100% complete as to materials and 60% complete as to conversion costs. Compute the equivalent units of production for materials and conversion costs for the month of December.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:The Kirkland Department of Culver Company began the month of December with work in process inventory of 4,640 units that are
100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 11,600 units.
Ending work in process inventory contains 9,280 units that are 100% complete as to materials and 60% complete as to conversion
costs.
Compute the equivalent units of production for materials and conversion costs for the month of December.
Transcribed Image Text:QUANTITIES
Units to be accounted for
Work in process inventory, 12/1
Started into production
Total units to be accounted for
Units accounted for
Completed and transferred out
Work in process inventory, 12/31
Total units accounted for
Physical Units
Equivalent Units of Production
Materials
Conversion Costs
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