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The Kirkland Department of Delta Company began the month of December with work in process inventory of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 10,000 units. Ending work in process inventory contains 8,000 units that are 100% complete as to materials and 60% complete as to conversion costs. Materials are added only at the beginning of the process. Conversion costs are incurred uniformly throughout the process. Compute the equivalent units of production for materials and conversion costs for the month of December.

The Kirkland Department of Delta Company began the month of December with work in process inventory of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 10,000 units. Ending work in process inventory contains 8,000 units that are 100% complete as to materials and 60% complete as to conversion costs. Materials are added only at the beginning of the process. Conversion costs are incurred uniformly throughout the process. Compute the equivalent units of production for materials and conversion costs for the month of December.

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 Kirkland Department of Delta Company began the month of December with work in process inventory of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 10,000 units. Ending work in process inventory contains 8,000 units that are 100% complete as to materials and 60% complete as to conversion costs. Materials are added only at the beginning of the process. Conversion costs are incurred uniformly throughout the process. Compute the equivalent units of production for materials and conversion costs for the month of December.
Transcribed Image Text:The Kirkland Department of Delta Company began the month of December with work in process inventory of 4,000 units that are 100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 10,000 units. Ending work in process inventory contains 8,000 units that are 100% complete as to materials and 60% complete as to conversion costs. Materials are added only at the beginning of the process. Conversion costs are incurred uniformly throughout the process. Compute the equivalent units of production for materials and conversion costs for the month of December.
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