Nevada Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department for the month of October appear below:   Units Percent complete with respect to conversion Beginning work in process inventory 5400 20% Transferred in from the prior department during October 38,100   Completed and transferred to the next department during October 37,800   Ending work in process inventory 5700 60% What were the equivalent units for conversion costs in the Lubricating Department for October? 41,220 38,400 37,800 41,520

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Nevada Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department for the month of October appear below:

  Units Percent complete with respect to conversion
Beginning work in process inventory 5400 20%
Transferred in from the prior department during October 38,100  
Completed and transferred to the next department during October 37,800  
Ending work in process inventory 5700 60%

What were the equivalent units for conversion costs in the Lubricating Department for October?

41,220

38,400

37,800

41,520

Expert Solution
Step 1

Equivalent units for conversion costs = (No. of units Completed and transferred to the next department x 100%) + (Ending work in process inventory x % completion)

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