Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,000 units. The costs and percentage completion of these units in beginning inventory were: Cost $ 6,300 $7,400 8,700 6,500 770 7,270 Materials costs Conversion costs A total of 7,700 units were started and 6,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Percent Complete 65% 45% Cost $ 126,100 $ 207,600 Materials costs Conversion costs The ending inventory was 50% complete with respect to materials and 35% Complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department?

Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 1,000 units. The costs and percentage completion of these units in beginning inventory were: Cost $ 6,300 $7,400 8,700 6,500 770 7,270 Materials costs Conversion costs A total of 7,700 units were started and 6,500 units were transferred to the second processing department during the month. The following costs were incurred in the first processing department during the month: Percent Complete 65% 45% Cost $ 126,100 $ 207,600 Materials costs Conversion costs The ending inventory was 50% complete with respect to materials and 35% Complete with respect to conversion costs. What are the equivalent units for conversion costs for the month in the first processing department?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 1CMA: During December, Krause Chemical Company had the following selected data concerning the manufacture...

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