During November, the production department of a process operations system completed and transferred to finished goods 40,000 units that were in process at the beginning of November and 140,000 that were started and completed in November. November's beginning inventory units were 100% complete with respect to materials and 65% complete with respect to conversion. At the end of November, 31,000 additional units were in process in the production department and were 100% complete with respect to materials and 45% complete with respect to conversion. Compute the number of equivalent units with respect to conversion for November using the weighted-average method.

During November, the production department of a process operations system completed and transferred to finished goods 40,000 units that were in process at the beginning of November and 140,000 that were started and completed in November. November's beginning inventory units were 100% complete with respect to materials and 65% complete with respect to conversion. At the end of November, 31,000 additional units were in process in the production department and were 100% complete with respect to materials and 45% complete with respect to conversion. Compute the number of equivalent units with respect to conversion for November using the weighted-average method.

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 3BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...

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