Using the following terms, prepare the worksheet to show the calculation to answer the question: Units completed and transferred out Cost per material Cost per conversion Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Total units accounted for Costs to account for Question: There were 1,700 units in beginning inventory that were 40% complete with regard to conversion. During the month, 8,550 units were started and 9,000 were transferred to finished goods. The ending work in process was 60% complete with regard to conversion costs, and materials are added at the beginning of the process. What is the total amount of equivalent units for materials and conversion at the end of the month using the weighted-average method? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Units to Account For: Units ? ? ? ? ? ? Units Accounted For: Total Units Material Units Conversion Units ? ? ? ? ? ? ? ? ? ? ? ?
Using the following terms, prepare the worksheet to show the calculation to answer the question: Units completed and transferred out Cost per material Cost per conversion Equivalent units conversion Beginning inventory Units started in production Total units to account for Total work in process Ending inventory Units transferred in Total units accounted for Costs to account for Question: There were 1,700 units in beginning inventory that were 40% complete with regard to conversion. During the month, 8,550 units were started and 9,000 were transferred to finished goods. The ending work in process was 60% complete with regard to conversion costs, and materials are added at the beginning of the process. What is the total amount of equivalent units for materials and conversion at the end of the month using the weighted-average method? PLEASE NOTE: For units, use commas as needed (i.e. 1,234). Units to Account For: Units ? ? ? ? ? ? Units Accounted For: Total Units Material Units Conversion Units ? ? ? ? ? ? ? ? ? ? ? ?
Chapter5: Process Costing
Section: Chapter Questions
Problem 8PB: The following data show the units in beginning work in process inventory, the number of units...
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4. Using the following terms, prepare the worksheet to show the calculation to answer the question:
| Units completed and transferred out | Cost per material | Cost per conversion |
| Equivalent units conversion | Beginning inventory | Units started in production |
| Total units to account for | Total work in process | Ending inventory |
| Units transferred in | Total units accounted for | Costs to account for |
Question: There were 1,700 units in beginning inventory that were 40% complete with regard to conversion. During the month, 8,550 units were started and 9,000 were transferred to finished goods. The ending work in process was 60% complete with regard to conversion costs, and materials are added at the beginning of the process. What is the total amount of equivalent units for materials and conversion at the end of the month using the weighted-average method?
PLEASE NOTE: For units, use commas as needed (i.e. 1,234).
| Units to Account For: | Units |
| ? | ? |
| ? | ? |
| ? | ? |
| Units Accounted For: | Total Units | Material Units | Conversion Units |
| ? | ? | ? | ? |
| ? | ? | ? | ? |
| ? | ? | ? | ? |
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