Chicotti Company has 3,000 units in beginning work in process, 30% complete as to conversion costs,...

Chicotti Company has 3,000 units in beginning work in process, 30% complete as to conversion costs, 26,000 units transferred out to finished goods, and 2,000 units in ending work in process 65% complete as to conversion costs. The beginning and ending inventory is fully complete as to materials costs. How much are equivalent units for conversion costs if the weighted-average method is used?

	a.	25,200
	b.	27,300
	c.	23,000
	d.	24,300

Solutions

Expert Solution

Answer = ( B )27,300 Units

Explanation :
Equivalent units of production (EUP) -Weighted Average
	Units	% Materials	EUP-Materials	% Conversion	EUP-Conversion.
Units completed and transferred out	26,000	100%	26000 {26,000 Units* 100%}	100%	26000 {26,000 Units* 100%}
Units of ending work in process inventory	2,000	100%	2000 {2,000 Units* 100%}	65%	1,300 {2,000 Units* 65%}
Equivalent units of production (EUP)	28,000 units		28,000 units		27,300 Units

So, Equivalent units for Conversion costs = 27,300 units

ekkarill92 answered 1 year ago

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