Goode Company has the following production data for selected

Goode Company has the following production data for selected months. Ending Work in Process Beginning Units % Complete as to Month Work in Process Transferred Out Units Conversion Cost anuary March 0 0 0 40,900 11,400 44,300 8,400 46,100 21,700 41% 75 20 July Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process. Materials Conversion Costs January March July LINK TO TEXT INTERACTIVE TUTORIAL

Solution

January: Materials 52300 =40900+11400 Conversion costs 45574 =40900+(11400*41%) February: Materials 52700 =44300+8400 Conversion costs 50600 =44300+(8400*75%) March: Materials 67800 =46100+21700 Conversion costs 50440 =46100+(21700*20%)