Question

Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and...

Percent Completed

Units

Materials

Conversion

Work-In-Process, Beginning

10,000

60%

30%

Started into production

100,000

Completed and Transferred Out

95,000

Work-In-Process, Ending

?

60%

20%

Work-In-Process, Beginning

$22,600

$16,600

Costs added during period

$133,400

$81,400

Using the weighted average method for process costing what are the conversion equivalent units?

95,000 equivalent units

98,000 equivalent units

104,000 equivalent units

110,000 equivalent units
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Homework Answers

Answer #1

Answer : 98,000 equivalent units.

Explanation :

Total units accounted for = Work-In-Process, Beginning + Started into production

= 10,000 units + 100,000 units = 110,000 units

Work-In-Process, Ending = Total units accounted for - Completed and Transferred Out

= 110,000 units - 95,000 units = 3,000 units

Conversion equivalent units =  Completed and Transferred Out + (Work-In-Process, Ending * % conversion)

= 95,000 units + (15,000 units * 20%)

= 95,000 units + 3,000 units = 98,000 equivalent units.

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