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26 May, 15:48

The Packaging Department started the month with 600 units in process, received 1 comma 200 units from the Finishing Department, and transferred 1 comma 500 units to Finished Goods. Direct materials are added at the beginning of the process and conversion costs are incurred evenly. The units still in process at the end of the month are 60 % complete for conversion costs. Calculate the number of units still in process at the end of the month and the equivalent units of production. The company uses the weighted-average method.

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  1. 26 May, 17:21
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    Answer and Explanation:

    The computation of number of units at the end and the equivalent units is shown below:-

    Production cost report - Packaging department

    Equivalent unit

    Units Physical Transferred Direct Conversion

    unit in material Costs

    Units to account for

    Beginning work in 600

    process

    Units started 1,200

    Total units to

    account for 1,800

    Units accounted for

    Units transferred out 1,500 1,500 1,500 1,500

    Ending work in

    process unit 300 300 300 150

    (300 * 50%)

    Total units

    accounted for 1,800 1,800 1,800 1,650
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