ACIS_2116_Equivalent_Units_Example_Corrected

# ACIS_2116_Equivalent_Units_Example_Corrected - (M = 750 and...

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ACIS 2116 – Equivalent units example Beginning work in process: 100 units materials – 60% complete conversion - 50% complete Started during month: 800 units ----- 900 Finished during month: 600 units ----- Ending work in process: 300 units materials – 50% complete conversion – 30% complete Work in process - Process 1 Beginning balance: Material \$ 300 Note -- The cost of a completed Conversion 200 unit is \$10. Costs added during period: Material 2,700 Conversion 3,940 A. Compute the equivalent units.
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Unformatted text preview: (M = 750 and C = 690) Mat. Conv. Units finished 600 600 600 Units in ending WIP 300 150* 90** 750 690 *300 x 50% = 150 **300 x 30% = 90 B. Compute the cost per equivalent unit. (M = \$4 and C = \$6) Material (\$300+2,700)/750 = \$4 Conversion (\$200+3,940)/690 = \$6 C. Compute the cost of the finished goods. (600 * 10 = 6,000) D. Compute the cost of the ending work in process. Material = 300 x .5 x \$4 = 600 Conversion = 300 x .3 x \$6 = 540 1,140 1...
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