The Smelting Department of Crane Company has the following production data for November.Production: Beginning work in process 4,000 units that are 100% complete as to materials and 27% complete as to conversion costs;units transferred out 9,500 units; and ending work in process 7,700 units that are 100% complete as to materials and 50% complete asto conversion costs.Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.MaterialsConversion CostsTotal equivalent units

Given, Units completed and tranferred out = 9,500 units Ending work in process = 7,700 units

Answered: The Smelting Department of Crane…

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 Smelting Department of Kiner Company has the following production and cost data for November. Production: Beginning work in process 3,700 units that are 100% complete as to materials and 21% complete as to conversion costs; units transferred out 10,400 units; and ending work in process 7,700 units that are 100% complete as to materials and 48% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November. Materials Conversion Costs Total equivalent units
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