Muses Manufacturing produces plastic toys and uses process costing
There are three processing departments-Assembling, Finishing, and Packaging. On January 1, the Finishing Department had 2,000 units of partially processed product in production. During January, 31,000 units were transferred in from the Assembling Department and 29,000 units were completed and transferred out. At the end of the month, 4,000 units of partially processed products remained in the Finishing Department. See additional details below.
Finishing Department, ending balance at January 31
Percent completed for materials cost: 94%
Percent completed for conversion cost: 70%
What was the number of equivalent units for the month of January, with respect to direct materials, for the Finishing Department?
A) 32,760 units
B) 33,000 units
C) 29,000 units
D) 3,760 units
A .A)
Direct Materials Percent
Complete Equivalent
Units
Completed and transferred out 29,000 100 29,000
Ending balance 4,000 94 3,760
32,760
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