Goode Company has the following production data for selected months. Ending Work in Process
Month Beginning Work in Process Units Transferred Out Units % Complete as to Conversion Cost
January 0 39,400 10,200 44%
March 0 44,100 8,600 72
July 0 47,100 21,800 22

Compute equivalent units of production for materials and conversion costs, assuming materials are entered at the beginning of the process

Materials Conversion Costs
January 49,600
March 52,700
July 68,900

Goode Company

Equivalent units of production for materials and conversion costs:

                  Materials     Conversion Costs

January       49,600              43,888

March          52,700             50,292

July             68,900               51,896

Explanation:

a) Data and Calculations:

Ending Work in Process

Month  Beginning       Units Transferred Out Units  % Complete as to

        Work in Process   Conversion Cost

January 0 39,400 10,200 44%

March 0 44,100 8,600 72

July 0 47,100 21,800 22

January:                                   Units       Materials           Conversion

Beginning work in process           0

Units transferred out           39,400        39,400 (100%)  39,400 (100%)

Ending work in process       10,200        10,200 (100%)     4,488 (44%)

Equivalent units                                      49,600               43,888

March:  

Beginning work in process         0

Units transferred out          44,100          44,100 (100%)   44,100 (100%)

Ending work in process       8,600           8,600 (100%)     6,192 (72%)

Equivalent units                                      52,700              50,292

July:

Beginning work in process         0

Units transferred out          47,100          47,100 (100%)   47,100 (100%)

Ending work in process     21,800          21,800 (100%)    4,796 (22%)

Equivalent units                                      68,900              51,896

you can put this in your 11 sentence summary

" most of the money would be invested in innovation, economic convergence."

answer$225.00;