Question

Domingo Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: What are the equivalent units for conversion costs for the month in the first processing department

Answer 1

Equivalent units for conversion costs are 6,925 units

Step-by-step explanation:

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Equivalent units are physical units expressed as a percentage of total work completed on them

Equivalent units for conversion costs

Units Completed and Transferred (6,100 × 100%) 6,100

Units in Closing Work in Process (1,100 × 75%) 825

Equivalent units for conversion costs 6,925

Equivalent units for material costs

Units Completed and Transferred (6,100 × 100%) 6,100

Units in Closing Work in Process (1,100 × 85%) 935

Equivalent units for material costs 7,035