Question

Green Paints has 4,000 gallons of paint in WIP inventory, with all materials already added. The...

Green Paints has 4,000 gallons of paint in WIP inventory, with all materials already added. The paint is 80% through the process. Assuming all conversion costs are added evenly throughout the process, what are the equivalent units for conversion costs?

3,200

0

4,000

800

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Answer #1

Correct answer----------3,200

Working

Statement of Equivalent Units(Weighted average)
Material Conversion
Units Complete % Equivalent units Complete % Equivalent units
Ending WIP                                  4,000 100%                       4,000 80% 3,200
Total                                  4,000 Total 4,000 Total 3,200
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