Baker Corporation uses the weighted-average method in its process costing system

Question

Baker Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 9,400 units in its beginning work in process inventory that were 80% complete with respect to conversion costs. An additional 96,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 14,500 units in the ending work in process inventory of the Assembly Department that were 80% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

94,980

102,500

101,100

90,900

Baker Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 9,400 units in its beginning work in process inventory that were 80% complete with respect to conversion costs. An additional 96,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 14,500 units in the ending work in process inventory of the Assembly Department that were 80% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month?

Explanation / Answer

Equivalent Units Flow Of Units Physical Units Conversion Cost Units to be accounted for Beginning work in process inventory 9400 Units started this period 96000 Total u nits to be accounted for   A 105400 Units accounnted for: Completed and transferred out A-B 90900 90900 Ending work in progress inventory    B 14500 11600 Conversion cost 80% complete Total units to be accounted for (f) 105400 102500 Answer = 102500 eqivalent units

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