Discuss the equivalent units of production for materials


 

Clopack Company manufactures one product that goes through one processing department called Mixing. All raw materials are introduced at the start of work in the Mixing Department. The company uses the weighted-average method to account for units and costs. Its Work in Process T-account for the Mixing Department for June follows (all forthcoming questions pertain to June):

Work in Process-Mixing Department



  June 1 balance 28,000     Completed and transferred ?  
  Materials 120,000       to Finished Goods
  Direct labor 79,500  

  Overhead 97,000  



  June 30 balance ?  
  
  




The June 1 work in process inventory consisted of 5,000 pounds with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 50% complete with respect to conversion. During June 37,500 pounds were started into production. The June 30 work in process inventory consisted of 8,000 pounds that were 100% complete with respect to materials and 40% complete with respect to conversion.

Required:
Compute the equivalent units of production for materials.

Equivalent units of production for materials

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Accounting Basics: Discuss the equivalent units of production for materials
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