The Rolling Department of Oak Ridge Steel Company had 8,580 tons in beginning work in process...
The Rolling Department of Oak Ridge Steel Company had 8,580 tons in beginning work in process inventory (30% complete) on July 1. During July, 85,800 tons were completed. The ending work in process inventory on July 31 was 6,006 tons (10% complete).
What are the total equivalent units for conversion costs? Round to the nearest whole unit.
Homework Answers
| Equivalent units of Converrsion cost: | ||||||
| Units completed out (85800*100%) | 85800 | |||||
| Ending WIP (6006*10%) | 600.6 | |||||
| Equivalent units of Converrsion cost: | 86400.6 | |||||
| Answer is 86401 | ||||||
| Note: As no method describes, weighted average method has been applied | ||||||
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