List the errors in the computation of equivalent dunits 1or

List the errors in the computation of equivalent dunits 1or conversion Costsoe id ing Department for June EX 20-14 Cost per equivalent unit The following information concerns production in the Forging Department for Novem- ber. All direct materials are placed into the process at the beginning of production, and conversion costs are incurred evenly throughout the process. The beginning inventory consists of $9,000 of direct materials. OBJ. 2 a. 12,400 units Show Me How ACCOUNT Work in Process-Forging Department ACCOUNT NO. Balance Credit Debit Credit Date Item 10,566 134,406 156,056 172,926 Nov. | 1 | Bal, 900 units, 60% completed 30 Direct materials, 12,900 units 30 Direct labor 30 Factory overhead 30 Goods transferred, 2 units 301 Bal., 1,400 units, 70% completed 123,840 21,650 16,870 a. Determine the number of units transferred to the next department b. Determine the costs per equivalent unit of direct materials and conversion c. Determine the cost of units started and completed in November.

Solution

a) Number of units transferred to the next department = 900+12900-1400 = 12400 units

B) Equivalent unit :

Cost per equivalent unit :

c) Cost of unit started and completed = (9.626+2.996)*11500 = 145153

	Whole unit	%	EUP-Material	%	EUP-Conversion
Unit transferred out	12400	100%	12400	100%	12400
Ending work in process	1400	100%	1400	70%	980
Total	13800		13800		13380