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24 March, 01:38

Stoltenberg Co. had the following information for the month of June: Work in process beginning inventory, June 1 2100 units Units transferred in 16,300 units Work in process ending inventory, June 30 4100 units

Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process.

How many units were completed in June? The equivalent units for materials under the weighted-average method are calculated to be?

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  1. 24 March, 04:13
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    a) 14,300 units

    b)

    Materials: 18,400

    Conversion: 16,350

    Explanation:

    physical count of units:

    beginning 2,100

    transferred-in 16,300

    ending (4,100)

    transferred-out 14,300

    equialent units for w/a:

    transferred-out + percentage of completion ending WIP

    Materials: 14,300 + 4,100 x 100% = 18,400

    Conversion: 14,300 + 4,100 x 50% = 16,350
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