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: Units 3,300 30,700 Percent Complete with Respect to Conversion 80% Beginning work in process inventory Transferred in from the prior department during October Completed and transferred to the next department during October32,200 Ending work in process inventory. 1,800 60% 22. What were the Lubricating Department's equivalent units of production for October?

Explanation / Answer

Weighted average cost Beggining units 3300 Transferred out 32,200 Started intro production 30700 Ending units 1,800 Units accounted for 34000 34000 Equivalent units Material Conversion cost Units transferred                      A 32200 32200 Ending Units 1,800 1,800 Completion 100% 60% B 1800 1080 Total units 34000 33280

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