Question

Process Costing - Weighted Average Physical Flow of Units January Work-in-Process - Beginning 2800 Units Started this Period 22000 Units to Account for 24800 7,000 Total transferred out 17,800 units {13.01} Work-in-Process - Ending 7,000 units {13.02} Total Accounted for 17800 Equivalent Units Material (Round to three places, ##.###.###) 24,800.000 {13.03} Equivalent Units Conversion (Round to three places, ##.###.###) {13.04} I need help calculating equivalent units converion PART 4.1 Process Costing - Weighted Average General Information The I See The Light Company has a related company that produces the figurines. They use process costing in the molding department. The factory overhead is applied at a rate of 50% of direct labor dollars. The material is added at the beginning of the process. The labor and overhead costs are assumed to be added uniformly throughout. Month of January Selected information for January is presented below. Note that the applied overhead rate was 50% of direct labor costs in the molding department. Molding Department Goods in-process as of January 1 were 2,800 figurines at a cost of $7,168.00. Of this amount, $1,624.00 was from raw materials added, $3,696.00 for labor and $1,848.00 for overhead. These 2,800 figurines were assumed to be 60.00% complete as to labor and overhead. During January, 22,000 units were started, $11,000.00 of materials and $37,004.00 of labor costs were incurred. The 7,000 figurines that were in-process at the end of January were assumed to be 10.00% complete to labor and overhead. All figurines in January passed inspection.

Answer 1

	Weighted Average	Please hit LIKE button if this helped. For any further explanation, please put your query in comment, will get back to you.
A1.	Quantities			Equivalent Units
			Whole Units	Materials	Conversion Cost
	Units to be account for
	Work in Process, Beginning		2800
	add:Started into production		22000
	-Total Units		24800
	Units accounted for
	Transferred out		17800	17800	17800
	Work in Process, Ending		7000	7000	700	100% and 10%
	Equivalent Units-Weighted Average		24800	24800	18500
A2.	Cost
				Materials	Convsersion Cost	Total
	Work in Process, Beginning			$            1,624	$                     5,544	$               7,168
	add:Started into production			$         11,000	$                   55,506	$            66,506
	Total Cost to account for			$         12,624	$                   61,050	$            73,674
	Equivalent Units			24800	18500
	Unit Cost	Total Cost/Equivalent Units		$              0.51	$                        3.30	$                 3.81
2.	Cost accounted for
	Work in Process, Ending		Material	Conversion	Total
	Equivalent Units		7000	700
	Cost per Equivalent Unit		$             0.51	$              3.30
	-Total Cost Accounted For		$           3,563	$            2,310	$                     5,873
	Unit Completed and transferred out
	Equivalent Units		17800	17800
	Cost per Equivalent Unit		$             0.51	$              3.30
	-Total Cost Accounted For		9061	58740	67801
3.	Reconcilliation
	Cost to be accounted for:
	Cost of beginning work in process		$           7,168
	Cost added to production during period		$        66,506
	Total Cost to be accounted for		$        73,674
	Cost accounted for as follows:
	Cost of ending work in process		$           5,873
	Cost of units transferred out		$        67,801
	Total Cost accounted for		$        73,674