Help Save & Exit Annenbaum Corporation uses the weighted-average method in its p

Question

Help Save & Exit Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were Percent Materials costs Conversion costs S5,900 $7,000 653 45 A total of 6,900 units were started and 6,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs Cos $125,700 $207,200 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department? Prev 2of 15111 Next > q

Explanation / Answer

Ending work in process inventory = 600+6900-6100 = 1400 Units

Equivalent unit of conversion = Unit transferred out+(ending work in process*Percent completion)

= 6100+(1400*35%)

Equivalent unit of conversion = 6590

So answer is d) 6590

Related Questions

Navigate

• Browse (All)
• Browse H
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.