At the beginning of the month, the Painting Department of Skye Manufacturing had 20,000 units in inventory, 70% complete as to materials, and 20% complete as to conversion. During the month the department started 115,000 units and transferred 120,000 units to the next manufacturing department. At the end of the month, the department had 15,000 units in inventory, 40% complete as to materials and 10% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Painting Department.

Question

Quizplus · Accepted Answer

The equivalent units for materials are calculated as units transferred out (120,000) plus ending inventory equivalent units (15,000 * 40% = 6,000), totaling 126,000. For conversion, it's units transferred out (120,000) plus ending inventory equivalent units (15,000 * 10% = 1,500), totaling 121,500.

At the Beginning of the Month, the Painting Department of Skye