In weighted average method it is assumed that opening inventory is fully manufactured in current period itself so 100 % of opening units will be used.
Opening inventory = 500 units
Units introduced = 6700 units
Units completed = 6000 units
Finished goods = (500+6700)-6000 = 1200
Calculation of equivalent units for conversion cost
= (Units completed*100%) + (finished goods * 50%)
= (6000*100%) + (1200*35%)
= 6420 units
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Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning...
Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 900 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete 658 45% Cost $6,200 $ 7,300 Materials costs Conversion costs A total of 7,500 units were started and 6,400 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,200 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,500 65% Conversion costs $ 7,600 45% A total of 8,100 units were started and 6,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,900 65% Conversion costs $ 7,000 45% A total of 6,900 units were started and 6,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of 10,500 units were started and 7,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,600 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,900 65% Conversion costs $ 8,000 45% A total of 8,900 units were started and 7,100 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,200 units. The costs and percentage completion of these units in beginning inventory were: Materials costs Conversion costs Cost $7,500 $8,600 Percent Complete 65% 45% A total of 10,100 units were started and 7,700 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during...
Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the fest processing department consisted of 2.000 units. The costs and percentage completion of these units in beginning inventory were: Percent Complete Materials costs Conversion costs Cost $7,300 $8,400 A total of 9.700 units were started and 7.500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month:...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,500 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,800 65% Conversion costs $ 7,900 45% A total of 8,700 units were started and 7,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...
Annenbaum Corporation uses the weighted average method in its process costing system. This month, the beginning inventory in the first processing department consisted or 1300 The costs and percentage completion of these units in beginning inventory were Percent Complete 65% Cost $6,600 $7,700 Materials costs Conversion costs A total of 8.300 units were started and 6.800 units were transferred to the second processing department during the month The following costs were incurred in the department during the month proceng Materials...
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,500 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 6,800 65% Conversion costs $ 7,900 45% A total of 8,700 units were started and 7,000 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department...