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heres number 6 Qulz Chpt 56 B Corporatlon uses the weg ted evcrsge method In ts

ID: 2343163 • Letter: H

Question

heres number 6

Qulz Chpt 56 B Corporatlon uses the weg ted evcrsge method In ts process cost ng 2 stem. Thc Assembly DCpatrnent stzned the month th 3 100 units h its beginning work In process Invernc An·dd tlona .500 unta vere trammcd in mo m the p cr ment during the month to bagin processing in the Assm by Depenmem. I here were 2,UOU unhs in tha cndlng wcrk n process Invantory ct the Assembly Deparment rst were its completo wth respect to conversion co Wha were he quivalont unts tor corvers on cas in tha Aomly Depatment tor the mom 55,520 85100 42s" e Next

Explanation / Answer

Answer

Units to account for:

Beginning WIP

                     3,400

Units started this period

                   64,500

Total Units to account for

                   67,900

Total Units accounted for:

Completed & Transferred out

                   42,900 [ 67900 – 25000]

Ending WIP

                   25,000

Total Units accounted for

                   67,900

EUP - Weighted Average Method

Units

% Material

EUP Materials

% Conversion

EUP - Conversion

Units TRANSFERRED

42,900

100%

42,900

100%

42,900

Units of ENDING WIP

25,000

100%

25,000

60%

15,000

Equivalent Units of Production

67,900

57,900 = ANSWER

Units to account for:

Beginning WIP

                     3,400

Units started this period

                   64,500

Total Units to account for

                   67,900

Total Units accounted for:

Completed & Transferred out

                   42,900 [ 67900 – 25000]

Ending WIP

                   25,000

Total Units accounted for

                   67,900