The Nich. Manufacturing &Co. uses the weighted-average method in its process cos

Question

The Nich. Manufacturing &Co. uses the weighted-average method in its process costing system. The company recorded 69,500 equivalent units for conversion costs for June in a particular department. There were 16,000 units in the ending work in process inventory on June 30, 85% complete with respect to conversion costs. The June 1 work in process inventory consisted of 18,000 units, 30% complete with respect to conversion costs. A total of 55,000 units were completed and transferred out of the department during the month. What was the number of units started during June in the department?

Explanation / Answer

Opening Stock+ Units started= Units Transferred out- Closing Stock

18000+ Units Started = 55,000 + 16,000

Units Strated = 55,000+ 16,000 - 18,000

Units Strated = 53,000

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