The following are selected operating data for Jackson Company's Blending Department for November 2019. Painting and packaging operations are carried out subsequently in other departments. Beginning inventory 2,500 units, 70% complete Started and completed 31,000 units Ending inventory 1,500 units, 40% complete Calculate the equivalent units finished for the month of November using the weighted average method, assuming that the materials are added at the beginning of the process and conversion costs are incurred evenly throughout. g

Material - 34,100 units

Conversion - $33,500 units

Explanation:

The computation of equivalent units for material and the conversion cost is shown below:

For material:

= completed units * percentage of completion + Ending inventory units * percentage of completion

= 33,500 units * 100% + 1,500 * 100%

= 33,500 units + 1,500 units

= 35,000 units

For conversion:

= completed units * percentage of completion + Ending inventory units * percentage of completion

= 33,500 units * 100% + 1,500 * 40%

= 33,500 units + 600 units

= 34,100 units

where,

The completion units = Beginning inventory + complete Started and completed

= 2,500 units + 31,000 units

= $33,500 units