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BUS 535 WU Wk 2 Managerial Accounting Production Process Problems

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Week 2 PA 1 Rushikesh Ajay Ambildhok Managerial Accounting – BUS 535 04/06/2021 Dr, Yvan Nezerwe Westcliff University Information for the Hi-Test company’s production process for September follows. Assume that all materials are added at the beginning of this production process, and that conversion costs are added uniformly throughout the process. Compute each of the following. 1. The number of equivalent units for materials for the month. The work in process inventory has 2,000 units at the beginning of September. The production of 28,000 units was started in September. Therefore, the total units to account for is the summation of work in process inventory and production of units started in September. = 28,000 + 2,000 = 30,000 At the end of the month of September, 23,000 units were transferred out of work in process inventory and moved to finished goods inventory. That means a total of 7,000 units remained in the work in process inventory at the end of September. = 23,000 + 7,000 = 30,000 Hence, the number of equivalent units at the start and end of September is the same, 30,000 units. 2. The number of equivalent units for conversion for the month. Equivalent units for Sept ...
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