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Hello students, here is a question.
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In the month of april, a department had 500 units of a beginning work in a progress inventory.
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What were the 60 % complete? these units had $62 ,000 of a material cost of $50 ,000 conversion cost.
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All markets are added at the beginning of a process and conversion costs are added uniformly throughout the process.
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During april, 11 ,000 units were completed and transferred to the finished goods inventory and there were 3 ,000 units where 20 % of complete the ending work in progress on april 30.
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During april, manufacturing cost changes the department where material is $1 ,417 ,500.
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Conversion cost is $1 ,864 ,500.
00:45
The cost assigned to transfer finished goods during the april was.
00:49
So this is what we have to calculate here.
00:51
So let us do the solution.
00:52
First we'll calculate the equivalent unit of production.
00:58
Calculation of equivalent unit of production.
01:09
So that will be work in progress is 500 beginning work in progress.
01:21
Work in progress is 500 units which has transferred to 11 ,000.
01:27
So it will be units complete transfer of 11 ,000 and then ending will be ending work in progress is 3 ,000 unit 20 % of completed.
01:43
So that will be 600.
01:48
3000 into 20 % will be 600.
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So total equipment units of production will be 300 plus 11 ,000 plus 600 which is 11 ,900.
02:03
The equivalent production for the conversion cost beginning working inventory is 500 into 60%.
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500 into 60 % will be 300 and completed 11 ,000 units...