Question

During November, the production department of a process operations system completed and transferred to finished goods 40,000 units that were in process at the beginning of November and 160,000 that were started and completed in November November's beginning inventory units were 100% complete with respect to materials and 30% complete with respect to conversion. At the end of November, 31000 additional units were in process in the production department and were 100% complete with respect to materials and 40% complete with respect to conversion Compute the number of equivalent units with respect to conversion for November using the weighted average method, Multiple Choice O 200,000 O 212,400 O 48.000 O 57,300 0 231,000

Answer 1

Ans 1: $ 212,400

Statement of Equivalent Units (Weighted Avg Method)
Input Qty	Particulars	Output Qty	Material		Conversion Costs
			%	Units	%	Units
$          40,000	Opening WIP
$        191,000	Introduced
	Output	$        200,000	100%	$        200,000	100%	$        200,000
	Closing WIP	$          31,000	100%	$          31,000	40%	$          12,400
$        231,000		$        231,000		$        231,000		$        212,400

Ans 2: $ 119,000

Statement of Equivalent Units (Weighted Avg Method)
Input Qty	Particulars	Output Qty	Direct Labor
			%	Units
$    31,000	Opening WIP
$ 106,000	Introduced
	Output	$    101,000	100%	$ 101,000
	Closing WIP	$      36,000	50%	$    18,000
$ 137,000		$    137,000		$ 119,000

Ans 3: $ 119,000 and $ 21,000