The following table presents information about units processed and processing co

Question

The following table presents information about units processed and processing costs incurred during a recent month in the Refining Department of a manufacturing company. The beginning work in process inventory included $11,000 of conversion cost. During the month, the Department incurred an additional $290,000 in conversion costs. Assuming that the company uses the weighted-average cost method, what are the equivalent units for conversion costs for the Blending Department for the month? 131,000 120,000 114,000 119,100

Explanation / Answer

D 119,100 Units as shown below Particulars Conversion %completion Equivalent Conv Opening WIP              11,000.00 100%                 11,000.00 Units started and completed(114,000-11,000)            103,000.00 100%               103,000.00 Closing WIP              17,000.00 30%                    5,100.00 Equivalent Units               119,100.00 Opening WIP Costs                 11,000.00 Current Month Costs               290,000.00 Total Costs               301,000.00 Cost per Equivalent units=301000/119,100                            2.53

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.