Figure 6-22
The following information is available for Department C for the month of August:
Units Cost
Work in process, August 1 (70% complete) 10,000
Materials are added at the beginning of the process. Inspection takes place at the 50 percent point in the conversion
process to determine spoiled units. Round unit costs to two decimal places. The company uses the weighted average cost flow assumption.
-Refer to Figure 6-22. Department C's equivalent units of production for conversion using the weighted average method is

Question

Figure 6-22
The following information is available for Department C for the month of August:
Units Cost
Work in process, August 1 (70% complete) 10,000
  Materials are added at the beginning of the process. Inspection takes place at the 50 percent point in the conversion
process to determine spoiled units. Round unit costs to two decimal places. The company uses the weighted average cost flow assumption.
-Refer to Figure 6-22. Department C's equivalent units of production for conversion using the weighted average method is

Quizplus · Accepted Answer

- Equivalent units of production for materials: 10,000 units (started) + (70% x 20,000 units) = 24,000 units
- Equivalent units of production for conversion: (70% x 20,000 units) + (50% x 20,000 units) = 14,000 units + 10,000 units (started and completed) = 24,000 units
- Total equivalent units of production: 24,000 units + 24,000 units = 48,000 units
- Since the company uses the weighted average cost flow assumption, the total cost of units completed and transferred out and the cost of ending work-in-process inventory are averaged together. Therefore, the equivalent units of production for conversion using the weighted average method is 47,200 units (total equivalent units of production x percentage of completion for conversion)

Figure 6-22 the Following Information Is Available for Department C for the for the Month