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17 July, 06:31

weighted average method in its process costing system. Units % complete for Conversion Beginning work in process inventory 5,000 50% Transferred from prior department 76,000 Ending work in process inventory 2,400 70% What were the equivalent units for conversion costs in the department for the month?

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  1. 17 July, 07:48
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    The equivalent units for conversion costs in the department for the month is 80,280 units

    Explanation:

    The computation of the equivalent units for conversion costs is shown below:

    = Units started and completed * percentage of completion + ending work in progress units * percentage of completion

    where,

    Units started and completed = Beginning work in process inventory units + transferred units - ending work in process inventory units

    = 5,000 units + 76,000 units - 2,400 units

    = 78,600 units

    The other items values would remain the same

    Now put these values to the above formula

    So, the value would equal to

    = 78,600 units * 100 + 2,400 * 70%

    = 78,600 units + 1,680 units

    = 80,280 units
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