ions saved Save Question 5 (6 points) Carver Inc uses the weighted-average metho

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ions saved Save Question 5 (6 points) Carver Inc uses the weighted-average method in its process costing system. The following data concern the opera company's first processing department for a recent month. Work in process, beginning: nsaved Response nfo ttem Percent complete with respect to materials....... Percent complete with respect to conversion...... 700 50% 40% Units started into production during the month. Work in process, ending: 23,000 Units in process Percent complete with respect to materials Percent complete with respect to conversion. 200 80% 40% Required Using

Explanation / Answer

Total Units accounted = Work in process (beginning) + Units started into production = 700 + 23,000 = 23,700

Work in process (ending) units = 200

Units transferred = 23,700 – 200 = 23,500

Equivalents units of production for materials = 23,500 + (200 × 80%) = 23,660

Equivalents units of production for conversion = 23,500 + (200 × 40%) = 23,580

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