Question

Kramer Corp began the current period with 4,000 units in process that were 100% complete as...

Kramer Corp began the current period with 4,000 units in process that were 100% complete as to materials and 60% complete as to conversion. Costs of $7,500 in direct materials and $4,700 in conversion costs were incurred in manufacturing those units in the previous period. Kramer ended the current period with 20,000 units completed and 5,000 units still in process. Work in process was 100% complete as to materials and 70% complete as to conversion costs. Kramer incurred $67,500 in direct materials costs, $7,000 in direct labor costs, and $40,000 in manufacturing overhead costs during the period.

Using the weighted average method, compute the Equivalent units of production for conversion

25,000

20,000

40,000

23,500

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Answer #1

Answer:

Computation of the Equivalent units of production for conversion Using the weighted-average method:

Particulars Conversion
In respect of units completed & transferred out:
: Conversion (20,000 x 100%) 20,000
In respect of units in ending work in progress:
: Conversion (5,000 x 70%) 3,500
Equivalent units of production for conversion 23,500

Therefore, Option (d) i.e. 23,500 is the correct answer as equivalent units of production for the conversion are 23,500 units.

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