Question & Answer: Oasis Company adds all materials at the beginning of its manufacturing process. Production information…..

Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follow Required: 1. Reconcile the number of physical units worked on during the period Beginning Ending Work in Process Work in Process Conversion Complete (percent) Conversion Complete (percent) Started Transferred OutUnit Units Units Month February June September December Units 1,700 4,700 45 75 28 27 42 52 72 20,000 23,800 26,100 22,600 7,300 4,000 2,600 25,100 3,400 21,100 2. Calculate the number of equivalent units for both materials and conversion for each month using the weighted-average method Equivalent Units Materials Conversion Month February June September December

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

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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

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