Wildhorse Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process Units Transferred Out % Complete as to Units Conversion Cost January -0- 42,700 12,200 40 % March -0- 48,800 9,760 75 July -0- 54,900 19,520 25 Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. January March July Materials Conversion Costs

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Wildhorse Company has the following production data for selected months.
Ending
Work in Process
Month
Beginning
Work in Process
Units
Transferred Out
% Complete as to
Units
Conversion Cost
January
-0-
42,700
12,200
40 %
March
-0-
48,800
9,760
75
July
-0-
54,900
19,520
25
Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion
costs are incurred uniformly throughout the process.
January
March
July
Materials
Conversion Costs
Transcribed Image Text:Wildhorse Company has the following production data for selected months. Ending Work in Process Month Beginning Work in Process Units Transferred Out % Complete as to Units Conversion Cost January -0- 42,700 12,200 40 % March -0- 48,800 9,760 75 July -0- 54,900 19,520 25 Compute equivalent units of production for materials and conversion costs, assuming that materials are entered at the beginning of the process and that conversion costs are incurred uniformly throughout the process. January March July Materials Conversion Costs
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