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Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year Required: 1. Reconcile the number of physical units worked on during the period. 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method
Expert Answer
1.
| Beginning Inventory + Started = Transferred Out + Ending Inventory |
| February: 1,700 + Started = 20,000 +7,300 |
| Started = 25,600 |
| June: 4,700 + 23,800 = Transferred + 4,000 |
| Transferred = 24,500 |
| September: Beginning + 26,100 = 25,100 + 2,600 |
| Beginning Inventory = 1,800 |
| December: 3,400 + 22,600 = 21,100 + Ending Inventory |
| Ending Inventory = 4,900 |
2:
| February: |
| Materials = 20,000+ 7,300= 27,300 Equivalent Units |
| Conversion = 20,000 + (7,300 × 27%) = 21,971 Equivalent Units |
| June: |
| Materials = 24,500+4,000= 28,500 Equivalent Units |
| Conversion = 24,500+ (4,000 × 42%) = 26,180 Equivalent Units |
| September: |
| Materials = 25,100 + 2,600 = 27,700 Equivalent Units |
| Conversion = 25,100 + (2,600 × 52%) = 26,452 Equivalent Units |
| December: |
| Materials = 21,100+ 4,900 = 26,000 Equivalent Units |
| Conversion = 21,100 + (4,900 × 72%) = 24,628 Equivalent Units |
