In the month of March, department A had 10,000 units in beginning work in proces

Question

In the month of March, department A had 10,000 units in beginning work in process that were 70% complete. During March, 40,000 units were transferred into production from another department. At the end of March, there were 5,000 units in ending work in process that were 40% complete. Materials are added at the beginning of the process, while conversion costs are incurred uniformly throughout the process. The equivalent units of production for materials using process costing and weighted average method for March were:

Explanation / Answer

ANSWER:   (B)   50000 units Equivalent units Material Conversion Units to account For Beginning WIP 10000 Transfd.in 40000 Total units to account For 50000 Units accounted for Trfd.out(Bal.fig.)(45000*100%) 45000 45000 45000 Ending WIP 5000 Materials(5000*100%) 5000 Conversion(5000*40%) 2000 Total units accounted for 50000 50000 47000

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