Question

what are the equivalent units for materials for the month in the first processing department?

poration uses the weighted average method in its process costing system. Data conce Tirst processing department for the most recent month are listed below. Beginning work in process inventory: Units in beginning work in process inventory..... Materials costs........ Conversion costs. Percent complete with respect to materials........ Percent complete with respect to conversion..... Units started into production during the month..... Units transferred to the next department during the month.... Materials costs added during the month ....... Conversion costs added during the month ....... Ending work in process inventory: Units in ending work in process inventory ..... Percent complete with respect to materials..... Percent complete with respect to conversion... 500 $3,600 $2,800 65% 30% 9,200 8.300 $92,500 $147,900 1,400 60% 25% Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places. What are the equivalent units for materials for the month in the first processing department? A. 840 B. 9,140 C. 9,700 D. 8,300

Answer 1

Units in beginning WIP Started during the month Total Available Completed and transferred Closing WIP 500 9200 9700 8300 1400 Calculation of Equivalent Units Units Completed and Transferred Closing WIP Units Total Total Direct Material Conversion Cost % of completion Units % of completion Units 8300 100% 8300 100% 8300 1400 60% 840 25% 350 9700 9140 8650 Answer is Option B. 9140