Essay
Purple, Inc. manufactures a product that passes through two processes. The following information is available for the first department for February.
All materials are added at the beginning of the process.
Beginning Work-in-Process Inventory consisted of 400 units that were 60% complete with respect to conversion.
Ending Work-in-Process Inventory consisted of 1,000 units that were 10% complete with respect to conversion.
During the month, 6,000 units were started in process.
Required:
A. Prepare a physical flow schedule for the first department.
B. Compute equivalent units for the first department using the weighted average costing method.
C. How would your answer change in part B if the beginning Work-in-Process Inventory consisted of 400 units that were 80 percent complete with respect to conversion?
Correct Answer:
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A. Physical flow schedule:
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