3. The following information summarizes the activities in the Sewing Department for the month of October. Beginning inventory Started and completed Ending inventory 8,000 units, 70% complete 68,000 units 16,000 units, 40% complete Material is added at the beginning of the process and conversion costs are incurred evenly throughout the process. Calculate the equivalent units completed with respect to conversion costs during the month of October using the weighted average method. A) 46,400 80,400 C) 82,400 91,200 92,000

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 11PB: Production information shows these costs and units for the smoothing department in August. What is...
icon
Related questions
Question
3. The following information summarizes the activities in the Sewing Department for the
month of October.
Beginning inventory
Started and completed
Ending inventory
8,000 units, 70% complete
68,000 units
16,000 units, 40% complete
Material is added at the beginning of the process and conversion costs are incurred evenly
throughout the
process.
Calculate the equivalent units completed with respect to conversion costs during the
month of October using the weighted average method.
A)
46,400
80,400
C)
82,400
91,200
92,000
Transcribed Image Text:3. The following information summarizes the activities in the Sewing Department for the month of October. Beginning inventory Started and completed Ending inventory 8,000 units, 70% complete 68,000 units 16,000 units, 40% complete Material is added at the beginning of the process and conversion costs are incurred evenly throughout the process. Calculate the equivalent units completed with respect to conversion costs during the month of October using the weighted average method. A) 46,400 80,400 C) 82,400 91,200 92,000
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Principles of Accounting Volume 2
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Cornerstones of Cost Management (Cornerstones Ser…
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning
Managerial Accounting
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Cost Accounting
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting: The Cornerstone of Busines…
Managerial Accounting: The Cornerstone of Busines…
Accounting
ISBN:
9781337115773
Author:
Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:
Cengage Learning