Answer:
Goode Company
Equivalent units of production for materials and conversion costs:
Materials Conversion Costs
January 49,600 43,888
March 52,700 50,292
July 68,900 51,896
Explanation:
a) Data and Calculations:
Ending Work in Process
Month Beginning Units Transferred Out Units % Complete as to
Work in Process Conversion Cost
January 0 39,400 10,200 44%
March 0 44,100 8,600 72
July 0 47,100 21,800 22
January: Units Materials Conversion
Beginning work in process 0
Units transferred out 39,400 39,400 (100%) 39,400 (100%)
Ending work in process 10,200 10,200 (100%) 4,488 (44%)
Equivalent units 49,600 43,888
March:
Beginning work in process 0
Units transferred out 44,100 44,100 (100%) 44,100 (100%)
Ending work in process 8,600 8,600 (100%) 6,192 (72%)
Equivalent units 52,700 50,292
July:
Beginning work in process 0
Units transferred out 47,100 47,100 (100%) 47,100 (100%)
Ending work in process 21,800 21,800 (100%) 4,796 (22%)
Equivalent units 68,900 51,896
