A production department's output for the most recent month consisted of 8,300 units completed and transferred...

A production department's output for the most recent month consisted of 8,300 units completed and transferred to the next stage of production and 5,300 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.

Multiple Choice

10,950 units.
13,600 units.
5,650 units.
6,800 units.
9,450 units.

Solutions

Expert Solution

Answer: 10,950 units

Explanation

Calculation of the total equivalent units for conversion costs using FIFO Method

Particulars	Physical Units	% complete with	Equivalent units	% complete with	Equivalent units of
	(A)	respect to material (B)	of materials (A x B)	respect to Conversion	Conversion
Ending Work in Process inventory	5,300.00	50%	2,650.00	50%	2,650.00
Add: Completed and transferred to next stage	8,300.00	100%	8,300.00	100%	8,300.00
Equivalent Units of production			10,950.00		10,950.00

ekkarill92 answered 1 year ago

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