Answer D is 77,950 er II 2018 6 Saved Help Save & Ex Kota Toy Corporation manufa

Question

Answer D is 77,950

er II 2018 6 Saved Help Save & Ex Kota Toy Corporation manufactures lizard dolls in two departments, Molding and Assembly In the Molding Department, plastic is injected into a lizard-shaped mold. The dolls that come out of the molds are then transferred to the Assembly Department where hair is applied. Kota uses a weighted-average process cost system to collect costs in both departments On January 1, the Molding Department had 4,000 dolls in process. These dolls were 100% complete with respect to direct materials and 70% complete with respect to conversion cost During January, Molding completed 79000 dolls On January 31, Molding had 7000 dolls in work in process. These dolls were 100% complete with respect to direct materials and 25% complete with respect to conversion cost. What are the Molding Department's equivalent units related to conversion costs for January? Multiple Choice 84 250 83750 80750

Explanation / Answer

Completed dolls in january = 79000 dolls

out of these dolls, 4000 dolls are from opening wip.

hence dolls which are started and completed in january = 79000-4000 = 75000

calculation of equivalent units ( conversion costs)

Opening wip is already completed upto 70% (conversion costs) hence the remaining portion completed in current year.

Particulars units % completition Equivalent units opening wip 4000 30% 1200 current month (new) 75000 100% 75000 closing wip 7000 25% 1750 Total 77950

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