Painter Corporation Painter Corporation has the following information for the current month:

Units started 100,000 units

Beginning Work in Process: (35% complete) 20,000 units

Normal spoilage (discrete) 3,500 units

Abnormal spoilage 5,000 units

Ending Work in Process: (70% complete) 14,500 units

Transferred out 97,000 units

Beginning Work in Process Costs:

Material $15,000

Conversion 10,000

All materials are added at the start of the production process.Painter Corporation inspects goods at 75 percent completion as to conversion. Refer to Painter Corporation.What are equivalent units of production for conversion costs assuming weighted average is used?

Question

Painter Corporation Painter Corporation has the following information for the current month:

Units started	100,000 units
Beginning Work in Process: (35% complete)	20,000 units
Normal spoilage (discrete)	3,500 units
Abnormal spoilage	5,000 units
Ending Work in Process: (70% complete)	14,500 units
Transferred out	97,000 units
Beginning Work in Process Costs:
	Material $15,000
	Conversion 10,000

All materials are added at the start of the production process.Painter Corporation inspects goods at 75 percent completion as to conversion. Refer to Painter Corporation.What are equivalent units of production for conversion costs assuming weighted average is used?

Quizplus · Accepted Answer

Equivalent units of production for conversion costs = Units started + (Beginning WIP x % complete) + (Ending WIP x % complete) - Normal spoilage - Abnormal spoilage= 100,000 + (20,000 x 35%) + (14,500 x 70%) - 3,500 - 5,000= 100,000 + 7,000 + 10,150 - 3,500 - 5,000= 113,525

Painter Corporation Painter Corporation Has the Following Information for the Current Month