Howard Poster Incorporated Had 12,000 Units of Work in Process

question 43

Essay

Howard Poster Incorporated had 12,000 units of work in process in Department A on October 1.These units were 60 percent complete as to conversion costs.Materials are added in the beginning of the process.During the month of October,38,000 units were started and 40,000 units were completed.Howard had 10,000 units of work in process on October 31.These units were 75 percent complete as to conversion costs.
1)Compute the equivalent units for materials and conversion costs for the month of October using the FIFO method.
2)Using the average cost method determine the equivalent units for materials and conversion costs for the month of October.

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Definitions:

Skin Lesion

Any abnormal change in the skin's color or texture, which could be a result of damage or disease.

Tumor

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A decrease in breast volume, which may be related to weight loss, hormonal changes, or surgical intervention.

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A condition in women that results in excessive growth of dark or coarse hair in a male-like pattern, often due to an underlying hormonal imbalance.