Trunkey Products, Inc

question 52

Essay

Trunkey Products, Inc., uses a process costing system and has just completed production for the month of November 20xx. The following production data were obtained from the accounting records:
a. Units in beginning inventory totaled 6,800 and were 30 percent complete as of November 1 (all direct materials were added to these products in the preceding month).
b. During the period, 156,200 units were started.
c. 19,200 units were partially completed as of November 30, 20xx.
d. Ending work in process inventory was 40 percent complete at month end.
From the data given, compute the equivalent units of production for direct materials and conversion costs for the month ended November 30, 20xx, assuming a FIFO flow of costs.

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Definitions:

Metal Conductors

Materials that allow the flow of electrical current due to their free electron movement.

Insulating Material

Materials that hinder the flow of electric current, used to protect against electrical shocks and to contain electrical wiring.

Surface Area

The amount of surface of an object, generally expressed in square inches, square feet, etc.

Capacitance

The ability of a system to store electrical charge when voltage is applied, typically measured in Farads.