Question

Data related to Alpha, Inc., for the month of June follows:

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​	Units
Work in process (WIP), June 1 (55% complete)	16,000
Started and completed in June	57,000
Work in process, June 30	23,000

​

Materials are added at the beginning of the process.

If equivalent units of production for conversion using the weighted average method were 79,200 units, what percent completed was ending work in process on June 30 with respect to conversion?

None of the answers listed are correct

23.6% complete.

27.0% complete.

100% complete.

45.0% complete.

21.2% complete.

32.8% complete.

18.9% complete.

2)Under the weighted-average method, the stage of completion (i.e. the percent complete) of beginning work in process:

a) is relevant in determining the equivalent units.

b) is irrelevant in determining the equivalent-unit calculation

c)can almost always be determined with a high degree of precision

d) must be treated separately from the work done during the current period to determine the equivalent units

Answer 1

1
Equivalent units of production for conversion	79200
Less: Units completed and transferred out	73000	=57000+16000
Equivalent units for Work in process, June 30	6200
Percent completed	27.0%	=6200/23000
27.0% complete is correct option

2

Under the weighted-average method,the percent completion of beginning work in process is irrelevant in determining the equivalent-unit calculation

Under the weighted-average method,the beginning work in process units are combined with current period units for calculation of equivalent units.

Option B is correct