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

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 2 years ago

Units Costs Beginning work in process (22% complete) 63,900 Direct materials $ 99,000 Conversion cost 175,000...

Units Costs Beginning work in process (22% complete) 63,900 Direct materials $ 99,000 Conversion cost 175,000 Total cost of beginning work in process $ 274,000 Number of units started 121,500 Number of units completed and transferred to finished goods 161,400 Ending work in process (67% complete) ? Current period costs Direct materials $ 246,700 Conversion cost 332,000 Total current period costs $ 578,700 Required: 1 & 2. Using the weighted-average method of process costing, complete each of the following steps:...

Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,300 units, 1/10 complete...

Manufacturing Costs Production Data Beginning work in process Beginning work in process 15,300 units, 1/10 complete Materials $17,500 Units transferred out 54,500 Conversion costs 14,160 $31,660 Units started 50,800 Materials 227,731 Ending work in process 11,600 units, 1/5 complete Labor 67,200 Overhead 80,577 Exercise 3-13 The Welding Department of Healthy Company has the following production and manufacturing cost data for February 2017. All materials are added at the beginning of the process. Manufacturing Costs Production Data Beginning work in process...

Required: a. Beginning inventory had 11,400 units 30 percent complete with respect to conversion costs. During...

Required: a. Beginning inventory had 11,400 units 30 percent complete with respect to conversion costs. During the period, 11,400 units were started. Ending inventory had 9,250 units 10 percent complete with respect to conversion costs. How many units were transferred out? b. Beginning inventory consisted of 16,000 units with a direct materials cost of $54,500. The equivalent work represented by all direct materials costs in the WIP Inventory account amounted to 75,000 units. Ending inventory had 23,000 units that were...

Finishing Department costs: Work in process inventory, April 1,250 units; materials 100% complete; conversion 60% complete...

Finishing Department costs: Work in process inventory, April 1,250 units; materials 100% complete; conversion 60% complete $ 8,680 * Costs transferred in during the month from the preceding department, 2,750 units 31,100 Materials cost added during the month 12,866 Conversion costs incurred during the month 26,800 Total departmental costs $ 79,446 Finishing Department costs assigned to: Units completed and transferred to finished goods, 3,400 units at $23.370 per unit $ 79,446 Work in process inventory, April 30, 600 units; materials...

Materials are added at the beginning of the process and conversion costs are added uniformly. Work...

Materials are added at the beginning of the process and conversion costs are added uniformly. Work in? process, beginning: Number of units 15 comma 00015,000 Transferredminus?in costs ?$94,000 Direct materials? (100%) ?$22,500 Conversion costs? (75%) ?$25,400 Units transferredminus??in: Number of units 52 comma 50052,500 Transferredminus?in costs ?$640,500 Units completed 41 comma 00041,000 Costs during the? period: Direct materials ?$155,475 Conversion costs ?$213,225 Work in? process, ending: Number of units 26 comma 50026,500 ?(100% complete for materials and? 35% complete for?...

A process's beginning work in process inventory has $6,000 in conversion costs. During the period 40,000...

A process's beginning work in process inventory has $6,000 in conversion costs. During the period 40,000 units are completed. Total period added $84,000 conversion costs. There are 15,000 units in work in process, one-third complete for conversion, at period -end. What is the cost per equivalent unit of production for conversion using weighted average method? a. $0.50 per EUP b. $1.87 per EUP c. $2.00 per EUP d.$2.10 per EUP e. $2.25 per EUP

Units to be accounted for: Work in process, April 1 (materials 90% complete; conversion 80% complete)...

Units to be accounted for: Work in process, April 1 (materials 90% complete; conversion 80% complete) 9,700 Started into production 31,900 Total units to be accounted for 41,600 Units accounted for as follows: Transferred to next department 27,600 Work in process, April 30 (materials 75% complete; conversion 50% complete) 14,000 Total units accounted for 41,600 Cost Reconciliation Cost to be accounted for: Work in process, April 1 $ 33,853 Cost added during the month...

Production units: Opening inventory: Work in Process 4 000 (Material 100% complete; conversion 80% complete) Units...

Production units: Opening inventory: Work in Process 4 000 (Material 100% complete; conversion 80% complete) Units received from previous process A 18 000 Units completed and transferred to process C 20 000 Closing inventory 2 000 (Material 100% complete; conversion 40% complete) Production costs: Opening inventory: 129 500 Costs from previous process 75 100 Material 29 200 Conversion 25 200 Costs incurred in current period: 403 956 Transferred from previous process 260 100 Material 90 000 Conversion 53 856 TOTAL...

Percent Complete Costs Units Materials Conversion Materials Conversion Beginning WIP 2,000 10% 90% $5,000 $1,000 Started...

Percent Complete Costs Units Materials Conversion Materials Conversion Beginning WIP 2,000 10% 90% $5,000 $1,000 Started into production 40,000 $100,000 $200,000 Ending WIP 3,000 30% 80% Using the weighted average method of process costing, calculate the (1) number of units transferred out, (2) equivalent units of production with respect to materials and with respect to conversion, (3) the cost per equivalent unit for materials and for conversion, (4) ending WIP inventory value for materials and for conversion, and (5) the...

In a process with 900 units of beginning Work in Process, the company completed and transferred...

In a process with 900 units of beginning Work in Process, the company completed and transferred out 10200 units during a period. There were 4600 units in the ending Work in Process that were 50% complete as to conversion costs. Materials are added 75% at the beginning of the process and 15% when the units are 85% complete. How much is equivalent units of production for the period for material costs if the weighted-average method is used?

Question