A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding conversion activities for the current year:Work in Process, January 15,500 units, 80% completeWork in Process, December 317,800 units, 50% completeUnits completed and transferred to finished goods46,900 unitsCalculate the equivalent units of production for conversion costs for the year.

What will be an ideal response?


??
Physical Units

% of Work Completed
Equivalent Units Produced
(a)Completed and transferred out46,900100%46,900
?Ending inventory of Work in Process 7,80050% 3,900
?Total54,700?50,800

Business

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