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    kablenunnally's Avatar
    kablenunnally Posts: 1, Reputation: 1
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    #1

    Jul 5, 2009, 05:42 PM
    Calculate E.U. of production for materials and conversion cost
    Production Data - Basketballs Units %complete
    WIP 1/1 500 60%
    Units started in prod 1000
    WIP 1/31 600 30%

    Cost Data- Basketballs
    WIP 1/1
    Materials $750
    Conversion Cost 600 $1350
    DM 2400
    DL 1580
    Manf OH 1060



    Calculate the following:
    1. equivalent units of production for materials and conversion cost
    2. unit costs of production for materials and conversion cost
    3. assignment of cost to units transferred out and in process at the end of the accounting period
    morgaine300's Avatar
    morgaine300 Posts: 6,561, Reputation: 276
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    #2

    Jul 5, 2009, 08:03 PM

    Please see our guidelines for posting homework problems, as posted at the top of this page in red:
    Ask Me Help Desk - Announcements in Forum : Homework Help

    As an added note, equivalents units gets long and involved, and would be difficult for someone to just try to explain in this format. You're going to need to have at least some work done or ask specific questions about where you're stuck.
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #3

    Jul 6, 2009, 10:09 PM

    I would agree with Morgaine300. The EPU aspect is quite involved, Your question must state the method of valuation of WIP - weighted average or FIFO. Again, the percentage complete should be separated for materials and conversion costs. I have never produced or seen the production of basket balls, but I feel that the materials enter the beginning of the process, and therefore no WIP materials
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