MA18 Problem: Process Costing – Equivalent Units – ABC Company

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MA18 Problem: Process Costing – Equivalent Units – ABC Company

 

Compute the equivalent units of production for each element of cost (material, labour, andoverhead) in each of the following unrelated situations using (a) FIFO and (b) weighted averageflow:A.

 

Started 13,000 units into production; finished and transferred 10,000 units. There was no beginning work-in-process. Ending work-in-process is 40% complete with respect toconversion costs (i.e., direct labor and overhead) and 100% complete with respect todirect materials.B.

 

Beginning work-in-process was 8,000 units, 100% complete with respect to materials and25 % complete with respect to labor and overhead. Started 20,000 units into production;finished and transferred 22,000 units. The ending work-in-process is 80% complete withrespect to materials and 70% complete with respect to conversion costs.C.

 

Beginning work-in-process was 6,000 units, 75% complete with respect to materials and50% complete with respect to labor and overhead. Started 40,000 units into production;finished and transferred 30,000 units. The ending work-in-process is 25% complete withrespect to materials and 30% complete with respect to conversion costs

    • 9 years ago
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