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

Question

Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month:
Work in process, beginning:
Units in process 6,000
Percent complete with 60% respect to materials
Percent complete with 20% respect to conversion
Costs in the beginning inventory:
Materials cost $78,200
Conversion cost $3,600
Units started during the month ??
Units completed and transferred during the month 70,000
Costs added to production during the month:
Materials cost $286,600
Conversion cost $216,000
Work in process, ending:
Units in process 8,000
Percent complete with 75% respect to materials
Percent complete with respect to 25% Conversion
What was the cost per equivalent unit for the conversion during the month? nination for Chapters 1-5 Help Save &Ex; 6 Corporation uses the weighted average method in its process costing system. The following data pertain to operations in the first processing department for a recent mont Work in process, beginning Units in process Percent conplete with respect to materials Percent complete with respect to conversion 6,800 60% 20% Costs in the beginning inventory: Materials cost Conversion cost 78,200 Units started during the month Units completed and transferred out during the month Costs added to production during the month: $3,600 7e,88e $286,68e Materials cost Conversion cost 216,800 Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion 8,800 75% 25% What was the cost per equivalent unit for conversion during the month? Multiple Choice to search

Explanation / Answer

Equivalent unit :

Cost per equivalent unit of conversion = (3600+216000)/72000 = 3.05 per unit

Physical unit % EUP-material % EUP-conversion Units completed 70000 100% 70000 100% 70000 Ending work in process 8000 75% 6000 25% 2000 Total 78000 76000 72000

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