2. March 1, 2017, Alpha Company\'s beginning work in process inventory had 8,000

Question

2. March 1, 2017, Alpha Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Alpha introduces direct materials at the beginning of the production process. During March, a total of 17,000 units were started and a total of 20,000 units were completed. Alpha's ending WIP inventory had 5,000 units which were 60% complete as to conversion costs. Alpha uses the weighted average method. Use this information to determine for March 2017 the equivalent units of production for conversion costs. (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)

Explanation / Answer

Equivalent units Physical units Materials Conversion Units completed and transferred 20000 20000 20000 Ending inventory 5000 5000 3000 Total units 25000 25000 23000 Equivalent units of production for conversion costs = 23000

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