Nabais Corporation uses the weighted-average method in its process costing syste

Question

Nabais Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department for the month of October appear below: 17 Percent Complete with Respect to Conversion Units 02:28:21 Beginning work in process inventory Transferred in from the prior department during october30,700 Completed and transferred to the next department during32,200 october Ending work in process inventory 3,300 803 1,800 60% What were the equivalent units for conversion costs in the Lubricating Department for October? Multiple Choice 31,780 33,280 2,200 29,200

Explanation / Answer

None of the options are correct as the equivalent units for conversion costs in the Lubricating Department for October:

Equivalent units for conversion cot in Lubricating department for October:

Completed and transferred to the next department during October (32200 x 100%)

32200

Add: Equivalent completed unit in ending working process (1800 x 60%)

1080

33280

Less: Opening completed unit in inventory (3300 x 80%)

2640

Equivalent units for conversion cot in Lubricating department for October:

30640

Thus, Equivalent units for conversion cot in lubricating department for October is 30,640 units.

Equivalent units for conversion cot in Lubricating department for October:

Completed and transferred to the next department during October (32200 x 100%)

32200

Add: Equivalent completed unit in ending working process (1800 x 60%)

1080

33280

Less: Opening completed unit in inventory (3300 x 80%)

2640

Equivalent units for conversion cot in Lubricating department for October:

30640

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