18. Manufacturing data for plastic recycling for January is: Tons Materials Conv

Question

18. Manufacturing data for plastic recycling for January is:

Tons

Materials

Conversion

Work-in-Process, January 1

20,000

90%

80%

Tons started into production in January

180,000

Work-in-Process, January 31

30,000

60%

30%

Under the weighted average method, the equivalent units of production for conversion costs (labor and overhead) is ________?

Tons

Materials

Conversion

Work-in-Process, January 1

20,000

90%

80%

Tons started into production in January

180,000

Work-in-Process, January 31

30,000

60%

30%

Explanation / Answer

Answer:-

Statment of Equivalent Production units Under Weighted Average Cost Method Particluars Input Units Particulars Output Units Equivalent Production % Direct Material % Conversion Costs Opening Work in process 20000 Units completed (Transferred to next process) 170000 100 170000 100 170000 Units introduced 180000 Closing work in process 30000 60 18000 30 9000 Total 200000 200000 188000 179000

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