Ask Question
1 January, 22:08

Jawson Corporation uses the weighted-average method in its process costing system. Operating data for the Painting Department for the month of April appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 6,300 10% Transferred in from the prior department during April 65,600 Ending work in process inventory 4,600 70% What were the equivalent units for conversion costs in the Painting Department for April? a. 67,300 b. 70,520 c. 68,820 d. 63,900

+3
Answers (2)
  1. 1 January, 23:01
    0
    Answer: B. 70520

    Explanation:

    Given the following;

    Beginning work in process = 6,300, 10%

    Ending work in process = 4,600, 70%

    Transferred from previous department = 65,600

    Applying the weighted average method,

    Unit transferred = beginning work in process + transferred from business department - ending work in process

    Unit transferred = 6300 + 65600 - 4600

    Unit transferred = 71900 - 4600 = 67300

    Equivalent unit for conversion = ending process inventory * 0.7 + units transferred = (4600 * 0.7) + 67300

    3220 + 67300 = 70520
  2. 1 January, 23:21
    0
    The equivalent units for conversion costs in the Painting Department for April is b. 70,520

    Explanation:

    Equivalent Units for Conversion cost means the Total Units in terms of degree of Conversion Costs applied to those units.

    To calculate the equivalent units for conversion costs in the Painting Department for April we:

    First Determine the Units Completed and Transferred Out of the Painting Department

    Hint: Units Inputs must equal Units out puts

    Units Completed and Transferred Out = Units of Opening Work In Process + Units Transferred In from Prior Department - Ending Work In Process

    = 65,600+6,300-4,600

    = 67,300

    Second Calculate the total Units of Conversion Costs

    Completed and Transferred Out - 100% 67,300

    Add Closing Work In Process - 70% 3,220

    Total Units for Conversion Costs 70,520
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Jawson Corporation uses the weighted-average method in its process costing system. Operating data for the Painting Department for the month ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers