Answer:
1.
2.
Answer:
Equivalent units of production
" The number of units transferred to the next department and the equivalent units in the ending work in process inventory".
Equivalent units
" Partially completed number of units multiplied with percentage completion of those units".
Partially completed units are, the units not fully completed in all respects.
Completion percentage calculated as a measure for completing the units.
Equivalent units of production
The calculation can be done using the following formula:
Answer:
The Journal entry for transfer of work in process from the mixing department to Firing Department will be as given below:
This entry is made at the end of the period.