Oh My Heart, Co. is a manufacturer that uses a process costing system and the...
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Accounting
Oh My Heart, Co. is a manufacturer that uses a process costing system and the weighted average method to calculate costs. The following information is available for the current period for the firms Cutting department:
Units:
Beginning WIP inventory (100% complete as to materials and 55% complete as to conversion costs)
75,000
Units started during the current period
141,000
Units completed and transferred out to the next department during the period
120,000
Ending WIP inventory (80% complete as to materials and 50% complete as to conversion costs)
96,000
Costs:
Beginning WIP inventory, direct materials costs
$35,000
Beginning WIP inventory, conversion costs
$43,500
Direct materials costs incurred during the current period
$177,500
Conversion costs incurred during the current period
$318,900
Calculate the equivalent units of production (EUP) with respect to direct materials.
a.
172,800
b.
196,800
c.
140,400
d.
216,000
e.
168,000
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