Hielta Oy, a Finnish company, processes wood pulp for various manufacturers of paper products. Data relating to tons of pulp processed during June are provided below:
tons of labor and
pulp materials overhead
Work in process, June 1 20,000 90% 80%
Work in process, June 30 30,000 60% 40%
Started into production during June 190,000
1. Compute the number of tons of pulp completed and transferred out during June.
2. Compute the equivalent units of production for materials and for labor and overhead for June.
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1. Total units would be units in beginning WIP + units started = 20,000+190,000=210,000
Of this 210,000 ...
The solution explains how to calculate the Equivalent Units using Weighted-Average Method
Computing Equivalent Units: Weighted Average Method
Clonex Labs, Inc. uses a process costing system. The following data are available for one department for October:
Units Material Conversion
Work in Process, October 1 30,000 65% 30%
Work in Process, October 31 15,000 80% 40%
The department started 175,000 units production during the month and transferred 190,000 completed units to the next department.
Compute the equivalent units of production for October assuming that the company uses the weighted-average method of accounting for units and costs.
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