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27 March, 17:59

3) Janner 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 4,000 50 % Transferred in from the prior department during April 90,400 Ending work in process inventory 1,600 60 % What were the equivalent units for conversion costs in the Painting Department for April?

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  1. 27 March, 21:51
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    93,760 units

    Explanation:

    For computing the equivalent units for conversion costs, first we have to compute the transferred units which is shown below:

    = Transferred units - ending work in process inventory units

    = 90,400 units - 1,600 units

    = 88,800 units

    Now the equivalent units for conversion costs equal to

    = Beginning work in process inventory units * completed percentage + Transferred units * percentage of completion + ending work in process inventory units * percentage of completion

    = 4,000 units * 100% + 88,800 units * 100% + 1,600 units * 60%

    = 4,000 units + 88,800 units + 960 units

    = 93,760 units
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