Exercise 1611 Part Level Submission The Polishing Department

Exercise 16-11 (Part Level Submission) The Polishing Department of Major Company has the following production and manufacturing cost data for September. Materials are entered at the beginning of the process. Production: Beginning inventory 1,600 units that are 100% complete as to materials and 30% complete as to conversion costs; units started during the period are 42,900; ending inventory of 5,000 units 10% complete as to conversion costs. Manufacturing costs: Beginning inventory costs, comprised of $20,000 of materials and $43,180 of conversion costs; materials costs added in Polishing during the month, $175,800; labor and overhead applied in Polishing during the month, $125,680 and $257,140, respectively. (a) Your answer is incorrect. Try again. Compute the equivalent units of production for materials and conversion costs for the month of September. Materials Conversion Costs The equivalent units of production

Solution

Units to be accounted for:

Work in process September 1= 1600

Units started to production = 42900

Total units = 44500

Units accounted for:

Units started and completed = 39500-(44500-5000)

Work in process September 30 = 5000

Total units =44500

Equivalent units