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1364002

QualCon, Inc., produces wine bottles for vintners in a process that starts in the Melt and Mold Department. Data concerning that department’s operations in the most recent period appear below: 400 75% 25% 42600 42500 500 Stage of completion with respect to materials 80% Stage of completion with respect to conversion 30% Required: QualCon uses the FIFO method in its process costing system. Compute the equivalent units of production for the period for the Melt and Mold Department.

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Pulkit Mahajan
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293 views3 pages

1364002

QualCon, Inc., produces wine bottles for vintners in a process that starts in the Melt and Mold Department. Data concerning that department’s operations in the most recent period appear below: 400 75% 25% 42600 42500 500 Stage of completion with respect to materials 80% Stage of completion with respect to conversion 30% Required: QualCon uses the FIFO method in its process costing system. Compute the equivalent units of production for the period for the Melt and Mold Department.

Uploaded by

Pulkit Mahajan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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EXERCISE 4A8 Computation of Equivalent UnitsFIFO Method[LO6]

QualCon, Inc., produces wine bottles for vintners in a process that starts in the Melt and Mold Department. Data

Stage of completion with respect to materials

Stage of completion with respect to conversion

Required:
QualCon uses the FIFO method in its process costing system. Compute the equivalent units of production for the
Unit cost information
Units to account for
Beginning goods in process

400

Units started this period

42,600

Total units to account for

43,000

Units accounted for


Completed and transferred out

42,500

Ending goods in process

500

Total units accounted for

43,000

Equivalent units of production

Units
Units to complete beginning goods in process
Units started and completed
Units of ending goods in process
Equivalent units of production

400
42,100
500
43,000

elt and Mold Department. Data concerning that departments operations in the most recent period appear below:

alent units of production for the period for the Melt and Mold Department.

Material
% of Material

Conversion
EUP -Material

% of Conversion

25.00%

100

75.00%

100.00%

42,100

100.00%

80.00%

400

30.00%

42,600

st recent period appear below:

400
75%
25%
42600
42500
500
80%
30%

EUP -Conversion
300
42,100
150
42,550

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