Question

Exercise 16-8 weighted average: computing equivalent units of production lo c2 during april, the production department of a process manufacturing system completed a number of units of a product and transferred them to finished goods. of these transferred units, 60,000 were in process in the production department at the beginning of april and 240,000 were started and completed in april. april's beginning inventory units were 60% complete with respect to materials and 40% complete with respect to conversion. at the end of april, 82,000 additional units were in process in the production department and were 80% complete with respect to materials and 30% complete with respect to conversion. 1. compute the number of units transferred to finished goods.

Answer 1

April:
Units in beginning inventory:                          60,000
Units started and completed                        240,000
Total units transferred to finished goods:     300,000

Equivalent Units of production - weighted average 
                                                    Direct Materials           Direct Labor
Units of ending goods                   300,000                         300,000
DM: 82,000 x 80%                          65,600
DL: 82,000 x 30%                                                                  24,600
Equivalent Units of Production      365,600                         324,600

The total number of units transferred to Finished goods is 300,000.