Ask Question
6 December, 02:18

B Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 5,000 units in its beginning work in process inventory. An additional 68,500 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 33,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month

+1
Answers (1)
  1. 6 December, 02:32
    0
    60,300 Units

    Explanation:

    Given:

    Beginning work in process = 5,000 (units)

    Units in production = 68,500 (units)

    Ending work in process = 33,000 (units)

    Weighted-average method

    Units Transferred = Beginning work in process + Units in production - Ending work in process

    = 5,000 + 68,500 - 33,000 = 40,500 (Units)

    Conversion Units

    Ending work in process * 60%

    Conversion Units = 33,000 * 60%

    19,800 (Units)

    Equivalent units of production = Units Transferred + Conversion Units

    = 40,500 (Units) + 19,800 (Units)

    = 60,300 Units
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “B Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 5,000 units in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers