Los Angeles Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory Units in beginning work in process inventory 600 Materials costs $13,400 Conversion costs $8,600 Percent complete with respect to materials 80% Percent complete with respect to conversion 30% Units started into production during the month 8,300 Units transferred to the next department during the month 7,400 Materials costs added during the month $188,200 Conversion costs added during the month $326,600 Ending work in process inventory Units in ending work in process inventory 1,500 Percent complete with respect to materials 70% Percent complete with respect to conversion 10% What are the equivalent units for materials for the month in the first processing department? 1,050 8,450 8,900 7,400
Los Angeles Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory Units in beginning work in process inventory 600 Materials costs $13,400 Conversion costs $8,600 Percent complete with respect to materials 80% Percent complete with respect to conversion 30% Units started into production during the month 8,300 Units transferred to the next department during the month 7,400 Materials costs added during the month $188,200 Conversion costs added during the month $326,600 Ending work in process inventory Units in ending work in process inventory 1,500 Percent complete with respect to materials 70% Percent complete with respect to conversion 10% What are the equivalent units for materials for the month in the first processing department? 1,050 8,450 8,900 7,400
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Los Angeles Corporation uses the weighted-average method in its
Beginning work in process inventory
| Units in beginning work in process inventory | 600 |
| Materials costs | $13,400 |
| Conversion costs | $8,600 |
| Percent complete with respect to materials | 80% |
| Percent complete with respect to conversion | 30% |
| Units started into production during the month | 8,300 |
| Units transferred to the next department during the month | 7,400 |
| Materials costs added during the month | $188,200 |
| Conversion costs added during the month | $326,600 |
| Ending work in process inventory | |
| Units in ending work in process inventory | 1,500 |
| Percent complete with respect to materials | 70% |
| Percent complete with respect to conversion | 10% |
What are the equivalent units for materials for the month in the first processing department?
1,050
8,450
8,900
7,400
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