Healthy Choice Inc. manufactures vegetable oil and uses three processes - grinding, refining, and canning. On March 1st, the company provided the following production data for the refining department: Beginning work-in-process inventory: 4,000 fl. oz., which are 50% complete for direct materials and 60% complete for conversion costs. Units started during the period: 24,000 fl. oz. Units completed and transferred to the canning process: 25,000 fl. oz. The units in the ending work-in-process inventory were 80% complete with respect to direct materials and 40% complete with respect to conversion costs. Compute the equivalent units of production (EU) for conversion costs under the weighted average method. Group of answer choices 25,800 EU 25,560 EU 27,400 EU 26,200 EU
Healthy Choice Inc. manufactures vegetable oil and uses three processes - grinding, refining, and canning. On March 1st, the company provided the following production data for the refining department:
Beginning work-in-process inventory: 4,000 fl. oz., which are 50% complete for direct materials and 60% complete for conversion costs.
Units started during the period: 24,000 fl. oz.
Units completed and transferred to the canning process: 25,000 fl. oz.
The units in the ending work-in-process inventory were 80% complete with respect to direct materials and 40% complete with respect to conversion costs.
Compute the equivalent units of production (EU) for conversion costs under the weighted average method.
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