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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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Equivalent Units, No Beginning Work in Process

Frankle Manufacturing produces cylinders used in internal combustion engines. During June, Frankle’s welding department had the following data:

Chapter 6, Problem 22BEA, Equivalent Units, No Beginning Work in Process Frankle Manufacturing produces cylinders used in

Required:

Calculate June’s output for the welding department in equivalent units of production.

To determine

Compute the output in equivalent units of production for welding department of Company FM.

Explanation

Equivalent Units of Production:

The total units of finished goods along with those goods that are not fully complete are known as equivalent units of production. In other words, equivalent units of production measures both completed and nearly completed units.

Use the following formula to calculate the output for the welding department:

Output= Units completed+Total Units in EWIP×Fraction completed

Table showing the calculation of output is as follows:

ParticularsEquivalent units
Units completed112,000
Units in EWIP(40% of EWIP)6,720

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