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lapo4ka [179]
3 years ago
11

The Lakeside Company uses a weighted-average process costing system. The following data are available: Beginning inventory -0- U

nits started in production 20,000 Units finished during the period 16,000 Units in process at the end of the period (complete as to materials, ¼ complete as to conversion) 4,000 Cost of materials used $35,200 Conversion costs $37,400 Equivalent units of production for conversion are:
Business
1 answer:
ryzh [129]3 years ago
3 0

Answer:

Total total equivalent units for conversion are 17,000

Explanation:

Materials:

cost: 35,200

complete units 16,000

WIP 4,000 100%

BI            0

Total Units 20,000

Material Cost per unit : 1.76

<u>Conversion</u>

cost 37,400

<u>Equivalent Units</u>

The complete  units count entirely. The WIP units work as much as process they receive. Finally there are no beginning inventory units

complete units 16,000

WIP 4,000 x 1/4 = 1,000

BI                                 0

Total equivalent units 17,000

37,400/17,000 = 2.2

Conversion cost per unit: 2.22

Equivalent unit cost: 1.76  + 2.22 = 3.98

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