Question

Tript Corporation has a process costing system and uses the weighted-average method. The
company had 3,000 units in work in process on February 1 that were 60% complete with respect
to conversion costs. During the month, 10,000 units were completed. At the end of the month,
4,000 units remained in work in process that were 40% complete with respect to conversion
costs. Materials are added at the beginning of the process.
How many units were started into production during February?

Answer 1

Solution: 11,600
Working:

               Equivalent Units     
   Physical units   % of Completion   Material   Conversion C     
Units started   11,000   89%   11,000   9800     
Beginning WIP   3,000   60%   3,000   1800     
           14,000   11,600     
                     
               Equivalent Units     
   Physical units   % of Completion   Material   Conversion C     
Units completed   10,000   100%   10,000   10,000     
Beginning WIP   4,000   40%   4,000   1,600     
Total units accounted for           14,000   11,600