a) 4,265 b) 5,590 c) 5,825 d) 6,300 a) 1,750 b) 3,000 c) 5,500 d) 6,750 a) 400 b

Question

a) 4,265
b) 5,590
c) 5,825
d) 6,300

a) 1,750
b) 3,000
c) 5,500
d) 6,750

a) 400
b) 1,600
c) 1,280
d) 2,200

a) 3,450
b) 4,560
c) 4,610
d) 4,910

a) 46,000
b) 52,000
c) 57,000
d) 63,000

Fischer Company makes small metal containers. The company began October with 300 containers in process that were 35% complete as to material and 45% complete as to conversion costs. During the month, 6,000 containers were started. At month end, 1,900 containers were still in process (40% complete as to material and 75% complete as to conversion costs). Using the weighted average method, what are the equivalent units for conversion costs? (Points : 1)

Explanation / Answer

Calculation of equivalent units for conversion costs :

(Using the weighted average method)

Beginning work in process units

              300

Add: Units started during the month

          6,000

Less: Units in ending work in process

        (1,900)

Units started and completed during the month

          4,400

Physical Units

% of completion for conversion costs

Equivalent units

A

B

A*B

Units started and completed during the month

          4,400

100%

          4,400

Units in ending work in process

          1,900

75%

           1,425

Equivalent units for conversion costs

           5,825

Calculation of equivalent units for conversion costs :

(Using the weighted average method)

Beginning work in process units

              300

Add: Units started during the month

          6,000

Less: Units in ending work in process

        (1,900)

Units started and completed during the month

          4,400

Physical Units

% of completion for conversion costs

Equivalent units

A

B

A*B

Units started and completed during the month

          4,400

100%

          4,400

Units in ending work in process

          1,900

75%

           1,425

Equivalent units for conversion costs

           5,825

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