Metlock Industries began the year with 4,900 stocking hats in WIP Inventory, 20% complete overall. Both conversion costs and DM resources are added to hats evenly throughout the process. Throughout the year, the company started 79.800 more hats, and it had completed 74,600 in total by year-end. Units in ending WIP Inventory were 70% complete overall. Metlock uses the weighted-average method of process costing. Determine equivalent units for this processing department at year-end by completing Step 2 of the template. Total equivalent units DM 79220 Conversion Costs 79220
Metlock Industries began the year with 4,900 stocking hats in WIP Inventory, 20% complete overall. Both conversion costs and DM resources are added to hats evenly throughout the process. Throughout the year, the company started 79.800 more hats, and it had completed 74,600 in total by year-end. Units in ending WIP Inventory were 70% complete overall. Metlock uses the weighted-average method of process costing. Determine equivalent units for this processing department at year-end by completing Step 2 of the template. Total equivalent units DM 79220 Conversion Costs 79220
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Metlock Industries began the year with 4,900 stocking hats in WIP Inventory, 20% complete overall. Both conversion costs and DM
resources are added to hats evenly throughout the process. Throughout the year, the company started 79,800 more hats, and it had
completed 74,600 in total by year-end. Units in ending WIP Inventory were 70% complete overall Metlock uses the weighted-average
-method of process costing. Determine equivalent units for this processing department at year-end by completing Step 2 of the
template.
Total equivalent units
DM
79220
Conversion Costs
79220
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