Chap004 (dragged) 3 - with Respect to Direct Material...

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McGraw-Hill/Irwin ¤ 2005 The McGraw-Hill Companies, Inc. 4 - 4 Solutions Manual SOLUTIONS TO EXERCISES EXERCISE 4-16 (10 MINUTES) The general formula for all three cases is the following: Work-in-process, beginning + Units started during month Units completed during month = Work-in-process, ending Using this formula, the missing amounts are: 1. 9,000 pounds 2. 12,500 yards 3. 72,000 liters EXERCISE 4-17 (20 MINUTES) CALCULATION OF EQUIVALENT UNITS: HEALTHY LIFE STYLES, INC. Weighted-Average Method Equivalent Units Physical Units Percentage of Completion
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Unformatted text preview: with Respect to Direct Material Percentage of Completion with Respect to Conversion Direct Material Conversion Work in process, January 1. ... 30,000 70% 50% Units started during the year. . 140,000 Total units to account for . ...... 170,000 Unit completed and transferred o u t d u r i n g t h e y e a r . . . . . . . . . . . . 145,000 100% 100% 145,000 145,000 Work in process, December 31 25,000 75% 20% 18,750 5,000 Total units accounted for. ....... 170,000 _ _ _ _ _ _ _ _ _ _ _ _ _ Total equivalent units. ............. 1 6 3 , 7 5 1 5 ,...
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