Question

Units Percent Complete with Respect to Conversion Beginning work-in-process inventory 12,000 60% Started into production during June 80,000 Ending work-in-process inventory 18,000 40 % According to the company's records, the conversion cost in beginning work-in-process inventory was $44,530 at the beginning of June. Additional conversion costs of $832,150 were incurred in the department during the month. How many units are transferred out

Answer 1

Check the explanation

Step-by-step explanation:

Units transferred out = 12000 + 80000 – 18000 = 74000 units

Equivalent units of conversion = 81200 units

EUP -

Weighted Average Method Units % Conversion EUP - Conversion

Units TRANSFERRED 74,000 100% 74,000

Units of ENDING WIP 18,000 40% 7,200

Equivalent Units of Production 81,200

Cost per equivalent units of conversion = $ 10.80 (or $ 10.79655)

COST per EUP Conversion

Cost of Beginning WIP $44,530.00

Cost incurred during the period $832,150.00

Total Costs Costs $876,680.00

Equivalent units of production EUP 81,200

Cost per EUP $ 10.79655

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