Business, 11.03.2020 05:21, haileyrae187

The June 1 work in process inventory consisted of 5,000 pounds with $16,000 in materials cost and $12,000 in conversion cost. The June 1 work in process inventory was 100% complete with respect to materials and 50% complete with respect to conversion. During June 37,500 pounds were started into production. The June 30 work in process inventory consisted of 8,000 pounds that were 100% complete with respect to materials and 40% complete with respect to conversion.

Equivalent units of production for materials:

So can someone tell me where I went wrong?

I added 5,000 + 37,500 = 42,500

I then: 42,500 - 8,000 = 34,500 which is the amount of units transferred

Since materials is 100% I got

Equivalent units of Materials: 8000

Equivalent units of Conversion: 3,200

34,500 + 8000 + 3,200 = 45,700 and it was wrong

so then I did

34,500 + 3,200 = 37,700 and it was wrong as well

can any of you help me? Thanks in advance

Answers: 2

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The June 1 work in process inventory consisted of 5,000 pounds with $16,000 in materials cost and $1...