A department adds raw materials to a process at the beginning of the process and incurs conversion costs uniformly throughout the process. For the month of January, there were no units in the beginning Work in Process inventory; 9900 units were started into production in January; and there were 4400 units that were 70% complete in the ending Work in Process inventory at the end of January. The weighted-average method is used. What were the equivalent units of production for conversion costs for the month of January?
8580 equivalent units |
14300 equivalent units |
9900 equivalent units |
12980 equivalent units |
Answer is option A
A. 8580 equivalent units
Equivalent units of production – conversion costs |
||
Description |
Units |
Explanation |
Unit completed during the period |
5500 |
(units started – ending inventory = 9900-4400 =5500) |
Add: ending work in process inventory |
3080 |
(4400*70%) |
Equivalent units |
8580 |
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