The above data were taken from the accounting records of the Hazel Corporation w

Question

The above data were taken from the accounting records of the Hazel Corporation which uses the weighted-average method in its process costing system.

The equivalent units for conversion costs was:

102,000 units

112,000 units

111,000 units

100,000 units

Beginning work in process inventory (materials 100% complete; conversion 70% complete) …….. 30,000 units Stared into production during the period …….. 90,000 units Ending work in process inventory (materials 100% complete; conversion 60% complete) …….. 20,000 units

Explanation / Answer

b. 112,000 units

Units transferred to the next department = Units in beginning work in process + Units started into production - Units in ending work in process = 30,000 + 90,000 - 20,000 = 100,000

Conversion Units transferred to the next department 100,000 Ending work in process: Conversion: 20,000 units * 60% 12,000 Equivalent units of production 112,000

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