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Haberdashery Company has a beginning Work-in-Process Inventory of 38,000 units (30% complete). During the period, 123,000...

Haberdashery Company has a beginning Work-in-Process Inventory of 38,000 units (30% complete). During the period, 123,000 units were started and the ending Work-in-Process Inventory consisted of 33,000 units (90% complete). What are the equivalent units for conversion costs using weighted-average process costing?

Multiple Choice

  • 123,000 EUPs

  • 128,000 EUPs

  • 157,700 EUPs

  • 146,300 EUPs

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Answer #1

C. 157,700 EUPs

Equivalent units for conversion costs = Started and completed + Ending inventory

Equivalent units for conversion costs = (38,000 + 123,000 - 33,000) + (0.90 × 33,000)

Equivalent units for conversion costs = 128,000 + 29,700

Equivalent units for conversion costs = 157,700 EUPs

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