Question

On March 1, 2019, Baltimore Company's beginning work in process inventory had 5,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Baltimore introduces direct materials at the beginning of the production process.  During March, a total of 25,400 units were started and the ending WIP inventory had 7,800 units which were 40% complete as to conversion costs. Baltimore uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round answer to the nearest whole number of units)

Answer 1

Equivalent units of production for conversion costs			25,720
Production Cost Report - Production Department
Month Ended March 31
		Equivalent Units
Units	Physical Units	Direct Materials	Conversion Costs
Units to account for:
Beginning work in process	5,000
Started in Production	25,400
Total units to account for	30,400
Units account for:
Completed and transferred	22,600	22,600	22,600
Ending work in process	7,800	7,800	3,120	(7,800 x 40%)
Total units accounted for	30,400	30,400	25,720