The equivalent units for conversion under the weighted average method are calcul

Question

The equivalent units for conversion under the weighted average method are calculated to be:  

Stoltenberg Co. had the following information for the month of June: Work in process beginning inventory, June 1 2,100 units Units transferred in 17,200 units Work in process ending inventory, June 30 4,200 units Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process.

The equivalent units for conversion under the weighted average method are calculated to be:  

Explanation / Answer

Total units to be accounted for = 2,100 + 17,200 = 19,300

Units completed and transferred to finished goods = 19,300 - 4,200 = 15,100

The units completed and transferred to finished goods are 100% complete to conversion. The units in ending work in process are 50% complete to conversion.

Therefore,

Equivalent units for conversion = 15,100 + (4,200 × 50%) = 15,100 + 2,100 = 17,200

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