The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3,700 units that are 100% complete as to materials and 29% complete as to conversion costs; units transferred out 9,300 units; and ending work in process 9,100 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in
process 3,700 units that are 100% complete as to materials and 29% complete as to conversion costs; units transferred out 9,300
units; and ending work in process 9,100 units that are 100% complete as to materials and 40% complete as to conversion costs.
Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.
Transcribed Image Text:The Smelting Department of Kiner Company has the following production data for November. Production: Beginning work in process 3,700 units that are 100% complete as to materials and 29% complete as to conversion costs; units transferred out 9,300 units; and ending work in process 9,100 units that are 100% complete as to materials and 40% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs for the month of November.
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