10–13. Department G had 8,000 units in work in process that were 40% converted a
ID: 2463008 • Letter: 1
Question
10–13. Department G had 8,000 units in work in process that were 40% converted at the beginning of the period at a cost of $19,450. During the period, 18,000 units of direct materials were added at a cost of $54,000, 18,500 units were completed, and 7,500 units were 40% completed. Direct labor was $32,500, and factory overhead was $66,320 during the period. 10. The number of conversion equivalent units was ____________. 11. The total conversion costs were ____________. 12. The conversion costs of the units started and completed during the period were ____________.
Explanation / Answer
The problem has been solved using Weighted Average Method
Answers:
10. The number of conversion equivalent units was = 13500
11. The total conversion costs were = $. 98820
12. The conversion costs of the units started and completed during the period were = $76860
Total Units to be accounted for Beginning WIP 8000 added during the process 18000 26000 Units completed and transferred 18500 Ending WIP 7500 26000 Beginning WIP 8000 Units started and completed 10500 Ending WIP 7500 26000 Number of units started and completed during the process Total number of units completed and transferred 18500 Less: units in beginning WIP 8000 10500Related Questions
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