Use the Following Information to Perform the Calculations Requested Below

question 35

Essay

Use the following information to perform the calculations requested below, assuming that the average costing approach to a process costing system is being used.
Beginning work in process inventory: 6,000 units, 100 percent complete as to direct materials, 75 percent complete as to conversion costs
Ending work in process inventory: 18,000 units, 100 percent complete as to direct materials, 65 percent complete as to conversion costs
Units started during the month: 44,000
a. Calculate units completed and transferred out during the month.
b. Calculate units to be accounted for during the month.
c. Calculate equivalent units for conversion costs.
d. Calculate equivalent units for direct materials.

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Definitions:

Ionic Compound

An ionic compound is a chemical compound composed of ions held together by electrostatic forces termed ionic bonding, typically formed between metal cations and non-metal anions.

Phosphorus

A reactive, non-metallic element found in Group 15 of the periodic table, essential for life.

Calcium

A chemical element with the symbol Ca and atomic number 20, a reactive, pale yellow metal that forms compounds with many other elements.

Ionic Formula

A notation that represents the composition of an ionic compound by showing the ratio of ions present in the compound.