A process manufacturer reports the following: Units Conversion Percent Complete Beginning work in process inventory 158,000 85% Units started this period 330,000 Units completed and transferred out 360,000 Ending work in process inventory 128,000 25% Assume the company utilizes the wieghted-average method. What are the equivalent units of production for conversion costs?

A process manufacturer reports the following: Units Conversion Percent Complete Beginning work in process inventory 158,000 85% Units started this period 330,000 Units completed and transferred out 360,000 Ending work in process inventory 128,000 25% Assume the company utilizes the wieghted-average method. What are the equivalent units of production for conversion costs?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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	Units	Conversion
Percent Complete
Beginning work in process inventory	158,000	85%
Units started this period	330,000
Units completed and transferred out	360,000
Ending work in process inventory	128,000	25%

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Elliott Company... (see pictures).