missing units transferred 458521

Equivalent Units

Question Details

Builder Products, Inc., manufactures a caulking compound that goes through three processing stages prior to completion. Information on work in the first department, Cooking, is given below for May follows:

Production data:

Pounds in process, May 1; materials 100% complete;

conversion 77% complete

10,400

Pounds started into production during May 111,000

Pounds completed and transferred out ?

Pounds in process, May 31; materials 62% complete; conversion 21% complete

13,100

Cost data:

Work in process inventory, May 1:

Materials cost $2,200

Conversion cost $7,600

Cost added during May:

Materials cost $148,500

Conversion cost $96,800

The company uses the weighted average method.

Requirement 1:

Compute the equivalent units of production for MATERIALS AND CONVERSION.