Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of 10,500 units were started and 7,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs Cost $ 127,500 $ 209,000 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
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Problem 14PA: Loanstar had 100 units in beginning inventory before starting 950 units and completing 800 units....
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Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning
inventory in the first processing department consisted of 2,400 units. The costs and percentage completion of these
units in beginning inventory were:
Cost
Percent
Complete
Materials costs
$ 7,700
65%
Conversion costs
$ 8,800
45%
A total of 10,500 units were started and 7,900 units were transferred to the second processing department during the
month. The following costs were incurred in the first processing department during the month:
Materials costs
Conversion costs
Cost
$ 127,500
$ 209,000
The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs.
What are the equivalent units for conversion costs for the month in the first processing department?
Transcribed Image Text:Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 2,400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 7,700 65% Conversion costs $ 8,800 45% A total of 10,500 units were started and 7,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Materials costs Conversion costs Cost $ 127,500 $ 209,000 The ending inventory was 50% complete with respect to materials and 35% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department?
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