Question

In: Accounting

Data related to Alpha, Inc., for the month of June follows: ​ ​ Units Work in...

Data related to Alpha, Inc., for the month of June follows:

​

​

Units

Work in process (WIP), June 1 (60% complete)

16,000

Started and completed in June

56,500

Work in process, June 30

23,500

​

Materials are added at the beginning of the process.

If equivalent units of production for conversion using the weighted average method were 80,200 units, what percent complete was ending work in process on June 30 with respect to conversion?

Solutions

Expert Solution

Answer-----32.77% or 32.8%

Working

Statement of Equivalent Units(Weighted average)
Conversion
Units Complete % Equivalent units
Transferred out                                72,500 100%                   72,500
Ending WIP                                23,500 32.77%                     7,700
Total                                96,000 Total                   80,200

ekkarill92 answered 1 year ago
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