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. 2. Compute the number of equivalent units with respect to both materials used and conversion used in the production department for April using the weighted-average method.'

Question Completion:

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.

1. The number of units transferred to the Finished Goods Inventory is 218,000.

2. Number of equivalent units with respect to materials and conversion:

Materials = 305,600

Conversion = 264,600

Explanation:

a) Data and Calculations:

                                              Materials     Conversion

Beginning inventory                  60%             40%

Units completed before          36,000           24,000

Units completed now              24,000           36,000

Equivalent units of production:

Started and completed         240,000        240,000

Ending inventory (82,000 units) 80%           30%

=                                               65,600          24,600

Total equivalent unit            305,600        264,600

The number of units transferred to finished:

Beginning inventory units         60,000

Units started and completed  240,000

Total units available                300,000

less Ending inventory units      82,000

Units transferred out              218,000

b) Using the weighted-average method, the equivalent units of production are equal to the units started and completed plus the units of ending inventory based on the degree of completion.

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