Equivalent units (process costing). ABC uses Weighted-Average method in its process costing system. The following data concern the company's Processing Department for the month of January: Percentage of Completion Units Direct Materials Conversion Costs Work-in-process beg, January 1st Units added during the period Units Completed and Transferred out 1,000 75% 70% 9,000 8,000 Work-in-process end, January 31* 2,000 80% 60% Required: a. Calculate total equivalent units of production for materials and conversion.
Equivalent units (process costing). ABC uses Weighted-Average method in its process costing system. The following data concern the company's Processing Department for the month of January: Percentage of Completion Units Direct Materials Conversion Costs Work-in-process beg, January 1st Units added during the period Units Completed and Transferred out 1,000 75% 70% 9,000 8,000 Work-in-process end, January 31* 2,000 80% 60% Required: a. Calculate total equivalent units of production for materials and conversion.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Solve question number 12 in part a with steps. The subject is Managerial Accounting .
Transcribed Image Text:Equivalent units (process costing). ABC uses Weighted-Average method in its process costing system.
The following data concern the company's Processing Department for the month of January:
Percentage of Completion
Units
Direct Materials
Conversion Costs
Work-in-process beg, January 1st
Units added during the period
Units Completed and Transferred out
Work-in-process end, January 31t
1,000
75%
70%
9,000
8,000
2,000
80%
60%
Required:
a. Calculate total equivalent units of production for materials and conversion.
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