Question

Carver, Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning:
Units in process 700
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
Units started into production during the month 23,000
Work in process, ending:
Units in process 200
Percent complete with respect to materials 80%
Percent complete with respect to conversion 40%
Required:
Using the weighted-average method, what are the equivalent units of productions for materials and for conversion cost?

Answer 1

Answer:

Equivalents units of production for materials: 23500 + (200×80%) = 23660

Equivalents units of production for conversion: 23500 + (200×40%) = 23580

Explanation:

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