Oasis Company adds all materials at the beginning of its man

Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows 1. Reconcile the number of physical units worked on during the period Ending Work in Process Work in Process Conversion Complete Units Units (percent) Started Transferred Out Units( 7400 3.400 2.300 1400 19,500 27 4.800 68 23 26,300 25,200 53 3,000 22.300 20,600 70 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method

Solution

1.

2.

Workings:

	Beginning			Ending
	Work in Process			Work in Process
		Conversion				Conversion
		Complete	Units	Units		Complete
Month	Units	(percent)	Started	Transferred Out	Units	(percent)
February	1400	47	25500	19500	7400	27
June	4800	68	23300	24700	3400	39
September	1200	23	26300	25200	2300	53
December	3000	33	22300	20600	4700	70