Esty Corporation uses the weighted-average method in its process costing system. This month, the be nventory in the first processing department consisted of 800 units. The costs and percentage comple units in beginning inventory were: Materials costs Conversion costs Cost $ 5,800 $ 6,500 Percent Complete 50% 30% A total of 7,700 units were started and 6,600 units were transferred to the second processing departm month. The following costs were incurred in the first processing department during the month:
Esty Corporation uses the weighted-average method in its process costing system. This month, the be nventory in the first processing department consisted of 800 units. The costs and percentage comple units in beginning inventory were: Materials costs Conversion costs Cost $ 5,800 $ 6,500 Percent Complete 50% 30% A total of 7,700 units were started and 6,600 units were transferred to the second processing departm month. The following costs were incurred in the first processing department during the month:
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Esty Corporation uses the weighted-average method in its process costing system. This month, the beginning
inventory in the first processing department consisted of 800 units. The costs and percentage completion of these
units in beginning inventory were:
Materials costs
Conversion costs
Materials costs
Conversion costs
A total of 7,700 units were started and 6,600 units were transferred to the second processing department during the
month. The following costs were incurred in the first processing department during the month:
Multiple Choice
O 6,790
The ending inventory was 70% complete with respect to materials and 10% complete with respect to conversion
costs.
What are the equivalent units for conversion costs for the month in the first processing department?
O 8,500
Cost
$ 5,800
$ 6,500
6,600
190
Percent
Complete
50%
30%
$ 85,300
$ 168,000
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