A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units, 24,000 were in process at the beginning of the period. The other 56,000 units were started and completed during the period. At period-end, 16,000 units were in process. Prepare the department’s equivalent units of production with respect to direct materials under each of three separate assumptions using the Weighted -average method for process costing.
1. All direct materials are added to products when processing begins.
Equivalent units of production (EUP) - weighted-average method
Units % Materials EUP - Materials
Goods completed 31,500
Ending goods in process
Total EUP
2. Direct materials are added to products evenly throughout the process. Beginning goods in process inventory was 50% complete, and ending goods in process inventory was 75% complete.
Equivalent units of production (EUP) - weighted-average method
Units % Materials EUP - Materials
Total EUP
3. One-half of direct materials are added to products when the process begins and the other half is added when the process is 75% complete as to direct labor. Beginning goods in process inventory is 40% complete as to direct labor, and ending goods in process inventory is 60% complete as to direct labor.
Equivalent units of production (EUP) - weighted-average method
Units % Materials EUP - Materials
Total EUP

Question

12-05-2020
Business

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A production department in a process manufacturing system completed its work on 80,000 units of product and transferred them to the next department during a recent period. Of these units, 24,000 were in process at the beginning of the period. The other 56,000 units were started and completed during the period. At period-end, 16,000 units were in process. Prepare the department’s equivalent units of production with respect to direct materials under each of three separate assumptions using the Weighted -average method for process costing.
1. All direct materials are added to products when processing begins.
Equivalent units of production (EUP) - weighted-average method
Units % Materials EUP - Materials
Goods completed 31,500
Ending goods in process
Total EUP
2. Direct materials are added to products evenly throughout the process. Beginning goods in process inventory was 50% complete, and ending goods in process inventory was 75% complete.
Equivalent units of production (EUP) - weighted-average method
Units % Materials EUP - Materials
Total EUP
3. One-half of direct materials are added to products when the process begins and the other half is added when the process is 75% complete as to direct labor. Beginning goods in process inventory is 40% complete as to direct labor, and ending goods in process inventory is 60% complete as to direct labor.
Equivalent units of production (EUP) - weighted-average method
Units % Materials EUP - Materials
Total EUP

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aquialaska aquialaska · Answer 1 · 2020-05-14T06:34:19+02:00

Answer:

1. 96,000

2. 92,000

3. 89,600

Explanation:

The computation of given question is shown below:-

1. Total Equivalent units of production

Units Percentage of Equivalent units of

material production material

Goods completed 80,000 100% 80,000

Ending goods in

process 16,000 100% 16,000

Total Equivalent units of production 96,000

2. Total Equivalent units of production

Units Percentage of Equivalent units of

material production material

Goods completed 80,000 100% 80,000

Ending goods in

process 16,000 75% 12,000

Total Equivalent units of production 92,000

3. Total Equivalent units of production

Units Percentage of Equivalent units of

material production material

Goods completed 80,000 100% 80,000

Ending goods in

process 16,000 60% 9,600

Total Equivalent units of production 89,600

So, for computing the all three points of Equivalent units of production we simply added the Goods completed of Equivalent units of production material with Ending goods in process of Equivalent units of production material.