PROBLEM 3 12 points Narver Corporation uses the weighted-average method in its p

Question

PROBLEM 3 12 points Narver Corporation uses the weighted-average method in its process costing system. Operating data for the Mixing Department for the month of May appears below: Percent Complete with Respect to Units conversion Beginning work in process inventory 60% 6,600 40.100 Transferred in from the prior department during May 37,100 Completed transferred to the next dept during May 9.600 80 Ending work in process inventory What were the equivalent units for conversion costs in the Mixing Department for May?

Explanation / Answer

Conversion cost calculation:

% Conversion cost

Begining work in process inventory = 6600*60%=$3960

Start & Comp (40100-7680) = $32420

(9600*80%=7680)

Ending inv = $7680

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Conversion cost in the mixing dept $44,060

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