uestion 32 (2 points) Fabert Corporation uses the weighted-average method in its

Question

uestion 32 (2 points) Fabert Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 16,000 units in its beginning work in process inventory that were 40% complete with respect to conversion cost An additional 60,000 units were transferred in from the prior department during the month to begin processing in the Asser Department. During the month 65,000 units were completed in the Assembly Department and transferred to the next processing department. There were 11,000 units in the ending work in process inventory of the Assembly Department that were 50% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month? O 65,000 70,500 64,100 55,000

Explanation / Answer

THE ANSWER IS 70,500 Units

Weighted-average method

Units transferred to the next department = Units in beginning work in process + Units started into production - Units in ending work in process

= 16000 + 60000 - 11000 = 65000 Units

Conversion

Units transferred to the next department = 65000 Units

Ending work in process = Conversion = 11000 units × 50% = 5500 Units

Equivalent units for conversion cost in the assembly department

= 65000 Units + 5500 Units = 70,500 Units

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ALL THE BEST !!!

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