Question

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department:
Units:
Beginning Inventory: 81,000 units, 80% complete as to materials and 20% complete as to conversion.
Units started and completed: 252,000.
Units completed and transferred out: 333,000.
Ending Inventory: 30,500 units, 30% complete as to materials and 15% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials: $37,200.
Costs in beginning Work in Process - Conversion: $79,700.
Costs incurred in October - Direct Materials: $646,800.
Costs incurred in October - Conversion: $919,300.
Calculate the equivalent units of conversion.
a. 221,500
b. 321,375
c. 277,350
d. 337,575
e. 342,150

Answer 1

The correct answer is C