Calculation of equivalent units

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Question - Moravia Company processes and packages cream cheese. The following data have been compiled for the month of April. Conversion activity occurs uniformly throughout the production process.

Prepare schedules to accomplish each of the following process-costing steps for the month of April. Use the weighted-average method of process costing.

Information Needed:

Work in process, April 1-10,000 units:

 

Direct material: 100% complete, cost of

$22,000

Conversion: 20% complete, cost of

$4,500

Balance in work in process, April 1

$26,500

Units started during April

100,000

Units completed during April and transferred out to finished-goods inventory

80,000

Work in process, April 30:

 

Direct material: 100% complete

 

Conversion: 33 1 3 % complete

 

Costs incurred during April:

 

Direct material

$198,000

Conversion costs:

 

Direct labor

$52,800

Applied manufacturing overhead

105,600

Total conversion costs

$158,400

Required - Calculation of equivalent units.

Reference no: EM131798952

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