March 1, 201, Dorchester Company's beginning work in process inventory had 7,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 16,500 units were started and completed. Dorchester also started but did not complete 10,500 units. These units remained in ending WIP inventory and were 40% complete as to conversion costs. Dorchester uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs. (Round & enter final answers to: the nearest whole dollar for total dollar answers, nearest penny for unit costs or nearest whole number for units)
As per Weighted Average method, units of Beginning WIP are considered as 100% completed in Current Year.
Therefore, for calculation of Equivalent Units of Production :
Units Completed & transferred out = 7,000 + 16,500 = 23,500
Units of Ending WIP (40% Completed) = 10,500 x 40% = 4,200 units
Equivalent units of Production for Conversion = 27,700
For any queries please comment
If you are satisfied with the solution, please click the LIKE THUMB.
March 1, 201, Dorchester Company's beginning work in process inventory had 7,000 units. This is its...
Question 12 (7 points) March 1, 201, Dorchester Company's beginning work in process inventory had 7,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 16,500 units were started and completed. Dorchester also started but did not complete 7,500 units. These units remained in ending WIP inventory and were 40% complete as...
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 19,500 units were started and completed. Dorchester also started but did not complete 7,500 units. These units remained in ending WIP inventory and were 70% complete as to conversion costs. Dorchester...
March 1, 201, Dorchester Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 12,500 units were started and completed. Dorchester also started but did not complete 9,500 units. These units remained in ending WIP inventory and were 60% complete as to conversion costs....
March 1, 201, Dorchester Company's beginning work in process inventory had 10,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 19,500 units were started and completed. Dorchester also started but did not complete 5,500 units. These units remained in ending WIP inventory and were 70% complete as to conversion costs....
March 1, 201, Dorchester Company's beginning work in process inventory had 5,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Dorchester introduces direct materials at the beginning of the production process. During March, all beginning WIP was completed and an additional 19,500 units were started and completed. Dorchester also started but did not complete 7,500 units. These units remained in ending WIP inventory and were 70% complete as to conversion costs. Dorchester...
March 1, 2017, Alpha Company's beginning work in process inventory had 8,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs. Alpha introduces direct materials at the beginning of the production process. During March, a total of 15,000 units were started and a total of 20,000 units were completed. Alpha's ending WIP inventory had 3,000 units which were 70% complete as to conversion costs. Alpha uses the weighted average method. Use this information...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 16,500 units. At the end of the month there were 13,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 60% complete with respect to conversion. For the month of March the following costs were...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 15,500 units. At the end of the month there were 10,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 55% complete with respect to conversion. For the month of March the following costs were...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 18,500 units. At the end of the month there were 11,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 55% complete with respect to conversion. For the month of March the following costs were...
Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 18,500 units. At the end of the month there were 13,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 40% complete with respect to conversion. For the month of March the following costs were...