Manning Corporation uses the weighted-average method in its process costing. The

Question

Manning Corporation uses the weighted-average method in its process costing. The following data pertain to its Processing Department for September.

Required:

Compute the equivalent units of production for both materials and conversion costs for the Processing Department for September using the weighted-average method.

Percent Complete Units Materials Conversion Work-in-process, September 1 700 65% 45% Units started into production during September 8,300 Units completed during September and transferred to the next department 7,300 Work-in-process, September 30 1,700 90% 40%

Explanation / Answer

Materials Costs Conversion Costs Units transferred 7,300 7,300 Ending WIP: Material: 1,700 * 90% 1,530 Conversion: 1,700 * 40% 680 Equivalent units of production 8,830 7,980

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