14. Sodius Chemical Inc. placed 220,000 liters of direct materials into the mixing process. At the end of the month, 5,000 liters were still in process, 30% converted as to labor and factory overhead. All direct materials are placed in mixing at the beginning of the process and conversion costs occur evenly during the process. Sodius uses weighted-average costing.         Determine the equivalent units in process for direct materials and conversion costs, assuming there was no beginning inventory.         Determine the equivalent units in process for direct materials and conversion costs, assuming that 12,000 liters of chemicals were 40% complete prior to the addition of the 220,000 liters.

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Asked Dec 11, 2019
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14. Sodius Chemical Inc. placed 220,000 liters of direct materials into the mixing process. At the end of the month, 5,000 liters were still in process, 30% converted as to labor and factory overhead. All direct materials are placed in mixing at the beginning of the process and conversion costs occur evenly during the process. Sodius uses weighted-average costing.

 

        Determine the equivalent units in process for direct materials and conversion costs, assuming there was no beginning inventory.

        Determine the equivalent units in process for direct materials and conversion costs, assuming that 12,000 liters of chemicals were 40% complete prior to the addition of the 220,000 liters.

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Conversion Particulars Materials Percentage Materials Percentage cost Completed and transferred Ending work in 100% $215,000 $215,000 S215,000 100% $5,000 100% $5,000 30% $1,500 process $220,000 Equivalent units $216,500 Working Notes: Particulars Amount Particulars Amount Beginning work in process Started during the year so Completed and transferred $220,000 Ending work in process $215,000 $5,000 Units to be accounted $220.000 Units to be accounted $220,000

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