Question

Stoltenberg Co. had the following information for the month of June: Work in process beginning inventory, June 1 2100​ units Units transferred in 16,300​ units Work in process ending inventory, June 30 4100​ units

Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process.
How many units were completed in June?The equivalent units for materials under the weighted-average method are calculated to be?

Answer 1

a) 14,300 units

b)

Materials: 18,400

Conversion: 16,350

Step-by-step explanation:

physical count of units:

beginning 2,100

transferred-in 16,300

ending (4,100)

transferred-out 14,300

equialent units for w/a:

transferred-out + percentage of completion ending WIP

Materials: 14,300 + 4,100 x 100% = 18,400

Conversion: 14,300 + 4,100 x 50% = 16,350