Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,000 units. The costs and percentage completion of these units in beginning inventory were: Cost $ 6,300 $7,400 8,700 6,500 770 7,270 Materials costs Conversion costs A total of 7,700 units were started and 6,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Percent Complete 65% 45% Cost $ 126,100 $ 207,600 Materials costs Conversion costs 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?
Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,000 units. The costs and percentage completion of these units in beginning inventory were: Cost $ 6,300 $7,400 8,700 6,500 770 7,270 Materials costs Conversion costs A total of 7,700 units were started and 6,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Percent Complete 65% 45% Cost $ 126,100 $ 207,600 Materials costs Conversion costs 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?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Subject: accounting
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 1,000 units. The costs and percentage
completion of these units in beginning inventory were:
Materials costs
Conversion costs
Cost
$ 6,300
$7,400
Percent
Complete
65%
45%
A total of 7,700 units were started and 6,500 units were transferred to the second processing department during
the month. The following costs were incurred in the first processing department during the month:
Cost
$ 126,100
$ 207,600
Materials costs
Conversion costs
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?
8,700
6,500
770
7,270
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