Detroit Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: cost percent complete materials costs $10,900 65% conversion costs $4,000 15% A total of 5,700 units were started and 4,900 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 $127,400 convesion costs $201,400 The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department? 4,900 5,880 6,300 980
Detroit Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 600 units. The costs and percentage completion of these units in beginning inventory were: cost percent complete materials costs $10,900 65% conversion costs $4,000 15% A total of 5,700 units were started and 4,900 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 $127,400 convesion costs $201,400 The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department? 4,900 5,880 6,300 980
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Detroit Corporation uses the weighted-average method in its
| cost | percent complete | |
| materials costs | $10,900 | 65% |
| conversion costs | $4,000 | 15% |
A total of 5,700 units were started and 4,900 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 | $127,400 |
| convesion costs | $201,400 |
The ending inventory was 85% complete with respect to materials and 70% complete with respect to conversion costs.
What are the equivalent units for conversion costs for the month in the first processing department?
4,900
5,880
6,300
980
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