WLS Corporation uses weighted average process costing. Equivalent units of production for September 20x2 were 640 for materials and 615 for conversion. Other information for September follows:
-Beginning work in process totalled 200 units, 100% complete for direct materials and 80% complete for conversion costs
-500 units were started during the month.
-Ending work in process consisted of 100 units.
a)Calculate the number of units completed and transferred out for September 20x2.
b)Calculate the percentage of completion for ending work in process.

Question

Quizplus · Accepted Answer

The Answer of WLS Corporation uses weighted average process costing. Equivalent units of production for September 20x2 were 640 for materials and 615 for conversion. Other information for September follows:
-Beginning work in process totalled 200 units, 100% complete for direct materials and 80% complete for conversion costs
-500 units were started during the month.
-Ending work in process consisted of 100 units.
a)Calculate the number of units completed and transferred out for September 20x2.
b)Calculate the percentage of completion for ending work in process.

WLS Corporation Uses Weighted Average Process Costing