Comprehensive Final Exam: Part 1 (Problems) G Help Save & Exit Submit Saved 6 Mc

ID: 2534727 • Letter: C

Question

Comprehensive Final Exam: Part 1 (Problems) G Help Save & Exit Submit Saved 6 Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for September Percent Complete Units Materials conversion Work in process, September 1 Units started into production during September Units completed during September and transferred to 1,200 55 % 8,600 the next department Work in process, September 30 7,700 2,100 75 % 25 Required: Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using the weighted-average method. Materials Con Conversion Equivalent units of production

Explanation / Answer

Weighted-average method:

Materials

Conversion

Units transferred to the next department

7700

Ending work in process:

Materials (2100 x 75%)

1575

Conversion (2100 x 25%)

525

Equivalent units of production

9275

8225