Carrington Corporation produces canned vegetable soup.The company uses the weighted-average method in its process costing system.The company sold 300,000 units in January.Data concerning inventories follow: What were the equivalent units for conversion costs for January?

Question

Carrington Corporation produces canned vegetable soup.The company uses the weighted-average method in its process costing system.The company sold 300,000 units in January.Data concerning inventories follow:  What were the equivalent units for conversion costs for January?

Quizplus · Accepted Answer

Weighted-average method
Units in beginning work in process inventory + Units started into production or transferred in = Units in ending work in process inventory + Units completed and transferred out
Finished Goods Inventory:
75,000 + Units completed and transferred to finished goods = 60,000 + 250,000
Units completed and transferred to finished goods = 60,000 + 300,000 - 75,000 = 285,000 11ea7998_5e48_2e2c_911b_9708d65432cb_TB2627_00_TB2627_00

Carrington Corporation Produces Canned Vegetable Soup