Northern Company manufactures a product that passes through two processes. The following information is available for the first department for August:
●Beginning work-in-process consisted of 12,000 units that were 85 percent complete with respect to conversion.
●Ending work-in-process consisted of 7,500 units that were 30 percent complete with respect to conversion.
●70,500 units were started in process during the month.
●All materials are added at the beginning of the process.
Required:
a. Prepare a detailed summary of units in process during the month.
b. Compute equivalent units in process for Materials and Conversion using the weighted average method.

Question

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The Answer of Northern Company manufactures a product that passes through two processes. The following information is available for the first department for August:
●Beginning work-in-process consisted of 12,000 units that were 85 percent complete with respect to conversion.
●Ending work-in-process consisted of 7,500 units that were 30 percent complete with respect to conversion.
●70,500 units were started in process during the month.
●All materials are added at the beginning of the process.
Required:
a. Prepare a detailed summary of units in process during the month.
b. Compute equivalent units in process for Materials and Conversion using the weighted average method.

Northern Company Manufactures a Product That Passes Through Two Processes