Fabert Corporation uses the weighted-everage method In its process costing syste

Question

Fabert Corporation uses the weighted-everage method In its process costing system. The Assembly Department started the month with 16,000 units i the prior department during the month to begin processing in the Assembly Department. During the month 65,000 units were completed In the Assembly Department and transferred to the next processing department. There were 11,000 units In the ending work in process Inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly 004048 Department for the month? Multiple Choice 65,000 70,500 64,100 55,000

Explanation / Answer

Calculate equivalent unit for conversion cost :

Equivalent unit = Unit transferred out +ending work in process*percent completion

= 65000+11000*50%

Equivalent unit = 70500 units

so answer is b) 70500

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