Roubideaux Corporation uses process costing. The following data pertain to its Packing Department for February.Units in process, February 1: materials 85% complete, conversion 70% complete500Units started into production during February6,900Units completed and transferred to the next department6,200Units in process, February 28: materials 50% complete, conversion 20% complete1,200Required:Determine the equivalent units of production for materials and conversion costs for the Packing Department for February using the weighted-average method. Weighted-average method:
What will be an ideal response?
Weighted-average method:
| Materials | Conversion | ||||||
| Transferred to next department | 6,200 | 6,200 | |||||
| Work-in-process, ending: | |||||||
| Materials: 1,200 units × 50% | 600 | ||||||
| Conversion: 1,200 units × 20% | 240 | ||||||
| Equivalent units of production | 6,800 | 6,440 | |||||
Business
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