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17 June, 15:40

M Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for September. Percent Complete Units Materials Conversion Work in process, September 1 1,900 55 % 10 % Units started into production during September 9,300 Units completed during September and transferred to the next department 8,400 Work in process, September 30 2,800 75 % 25 % Required: Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using the weighted-average method.

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  1. 17 June, 17:29
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    For material = 10,500 units

    For conversion = 9,100 units

    Explanation:

    The computation of the equivalent units of production for both materials and conversion costs is shown below:-

    For material = Units completed and transferred to the next department + (Work in process * Material work in progress percentage

    = 8,400 + (2,800 * 75%)

    = 8,400 + 2,100

    = 10,500 units

    For conversion = Units completed and transferred to the next department + (Work in process * Conversion work in progress percentage

    = 8,400 + (2,800 * 25%)

    = 8,400 + 700

    = 9,100 units

    Therefore we have computed the equivalent units of production for both materials and conversion costs by applying the above formula.
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