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Equivalent units of production Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows: Drawing Department Winding Department Work in process, November 1 5,000 units, 40% completed 3,200 units, 80% completed Completed and transferred to next processing department during November 95,000 units 95,100 units Work in process. November 30 6,200 units, 60% completed 3,100 units, 15% completed If all direct materials arc placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for (A) the Drawing Department and (B) the Winding Department.

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Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307

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Chapter
Section
BuyFindarrow_forward

Financial & Managerial Accounting

13th Edition
Carl Warren + 2 others
Publisher: Cengage Learning
ISBN: 9781285866307
Chapter 18, Problem 18.6EX
Textbook Problem
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Equivalent units of production

Units of production data for the two departments of Pacific Cable and Wire Company for November of the current fiscal year are as follows:

Drawing Department Winding Department
Work in process, November 1 5,000 units, 40% completed 3,200 units, 80% completed
Completed and transferred to next processing department during November 95,000 units 95,100 units
Work in process. November 30 6,200 units, 60% completed 3,100 units, 15% completed

If all direct materials arc placed in process at the beginning of production, determine the direct materials and conversion equivalent units of production for November for (A) the Drawing Department and (B) the Winding Department.

(a)

To determine

Process costs

It is a method of cost accounting, which is used where the production is continuous, and the product needs various processes to complete. This method is used to ascertain the cost of the product at each process or stage of production.

Equivalents units for production

The activity of a processing department in terms of fully completed units is known as equivalent units. It includes the completed units of direct materials and conversion cost of beginning work in process, units completed and transferred out, and ending work in process.

The equivalents units of production of drawing department for the month of November.

Explanation of Solution

An equivalents unit of production for drawing department is calculated by adding inventory in process – beginning, transferred to packing department, and in...

(b)

To determine

The equivalents units of production of winding department for the month of November.

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Chapter 18 Solutions

Financial & Managerial Accounting
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