Running Company had the following information for the month of June: Work in process beginning inventory, June 1 2,100 units Units transferred in 16,300 units Work in process ending inventory, June 30 4,100 units Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process. The equivalent units for conversion under the weighted average method are calculated to be: Multiple Choice 12,250. 10,100. 14,200. 16,350.
Running Company had the following information for the month of June: Work in process beginning inventory, June 1 2,100 units Units transferred in 16,300 units Work in process ending inventory, June 30 4,100 units Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process. The equivalent units for conversion under the weighted average method are calculated to be: Multiple Choice 12,250. 10,100. 14,200. 16,350.
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 3BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...
Related questions
Topic Video
Question
Running Company had the following information for the month of June:
| Work in process beginning inventory, June 1 | 2,100 | units |
|---|---|---|
| Units transferred in | 16,300 | units |
| Work in process ending inventory, June 30 | 4,100 | units |
Beginning work-in-process inventory is 30 percent complete as to conversion. Ending work-in-process inventory is 50 percent complete as to conversion. Materials are added at the end of the process.
The equivalent units for conversion under the weighted average method are calculated to be:
Multiple Choice
-
12,250.
-
10,100.
-
14,200.
-
16,350.
-
18,350.
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Managerial Accounting
Accounting
ISBN:
9781337912020
Author:
Carl Warren, Ph.d. Cma William B. Tayler
Publisher:
South-Western College Pub
Principles of Accounting Volume 2
Accounting
ISBN:
9781947172609
Author:
OpenStax
Publisher:
OpenStax College
Principles of Cost Accounting
Accounting
ISBN:
9781305087408
Author:
Edward J. Vanderbeck, Maria R. Mitchell
Publisher:
Cengage Learning
Cornerstones of Cost Management (Cornerstones Ser…
Accounting
ISBN:
9781305970663
Author:
Don R. Hansen, Maryanne M. Mowen
Publisher:
Cengage Learning