Homework Answers
The correct answer is 36,000.
The equivalent units for conversion costs for the current period is 36,000 units.
Explanation:
It is given,
Ending work in process = 15,000 units
Total units = 45,000
Units completed = Total Units - Ending working in process
= 45,000 - 15,000 = 30,000
It is given that, 40% of ending work in process inventory units
is completed,
Completed units = 15,000 × 40% = 6,000 units.
Therefore, equivalent units for conversion costs for the current period = 30,000 + 6,000 = 36,000 units.
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Part A
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current period if the weighted-average method is used?
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In a process cost system, units to be accounted for in a
department are equal to the
units in the beginning inventory plus the units started or
transferred into the department.
number of units transferred out of the department.
ending inventory plus the units started or transferred into the
department.
number of units started or transferred into the department.
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