Question

Brody Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory for January consisted of 1,000 units that were 40% completed. 10,000 units were started into the process during January. On January 31, the inventory consisted of 500 units that were 70% completed. What would be the equivalent units for conversion cost using the weighted average method?

Answer 1

Solo Calculation of total Equivalent Wait's of Conversion - 100% whole Percentage of Equivalent Unit Vuit's Completion of Conversion Unit Completed and 10500 10500 transferred out 350 Ending loventory in Process Totad Equivalent Wait's of Conversion 10,850 500 To% Total Equivalent Units of Conversion 10.850 Uut's

Working Notes Calculation of Vuits Comboleted and transferred out- Beginning Work-in-process Unit's Add Unit Started during January Less - Ending Work-In-Process Weil's Unit's Completed and transferred Out = 1000 units 10,000 Vuit's 500 Units 10,500 Unit's