A process's beginning work in process inventory consists of 10,000 units that are 20% complete with respect to conversion costs. A total of 40,000 units are completed this period. There are 15,000 units in work in process, one-third complete for conversion, at period-end. The equivalent units of production (EUP) with respect to conversion at period-end, assuming the weighted-average method, are a. 45,000 EUP. c. 5,000 EUP. e. 43,000 EUP. b. 40,000 EUP, d. 37,000 EUP.

A process's beginning work in process inventory consists of 10,000 units that are 20% complete with respect to conversion costs. A total of 40,000 units are completed this period. There are 15,000 units in work in process, one-third complete for conversion, at period-end. The equivalent units of production (EUP) with respect to conversion at period-end, assuming the weighted-average method, are a. 45,000 EUP. c. 5,000 EUP. e. 43,000 EUP. b. 40,000 EUP, d. 37,000 EUP.

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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Given the following information, determine the equivalent units of ending work in process for materials and conversion under the weighted-average method: • beginning inventory of 2,500 units is 100% complete with regard to materials and 60% complete with regard to conversion • 18,000 units were started during the period • 17,700 units were completed and transferred • ending inventory is 100% complete with materials and 65% complete with conversion
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Equivalent Units of Conversion Costs The Rolling Department of Jabari Steel Company had 4, 698 tons in beginning work in process inventory (10% complete) on October 1. During October, 52, 200 tons were completed. The ending work in process inventory on October 31 was 3, 132 tons (60% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.
Subject: accounting
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