Question

24. Jawson Corporation uses the weighted-average method in its process costing system. Operating data for the Painting Department for the month of April appear below:

Percent Complete with Respect to Conversion 10% Units 6,300 65,600 4,600 Beginning work in process inventory ................

What were the equivalent units for conversion costs in the Painting Department for April?

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Answer #1

Unit transferred out = 6300+65600-4600 = 67300

Equivalent unit for conversion = Unit transferred out+(Ending WIP*percent completion)

= 67300+(4600*70%)

Equivalent unit for conversion = 70520

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