Smooth textile co., manufactures a variety of fabrics. Materials are added as follows: 50% is added at the beginning of production, 35% is added when production is at 60%, and 15% is added when production is at 90%. Conversion cost is incurred evenly through manufacturing. The Weaving Department had 2,000 units of work in process in April 1 that were 40% complete as to conversion costs. During April, 9,000 units were completed and on April 30, 4,000 units remained in production. 20% incomplete with respect to conversion costs. What are the equivalent units of production for materials using weighted average?
Smooth textile co., manufactures a variety of fabrics. Materials are added as follows: 50% is added at the beginning of production, 35% is added when production is at 60%, and 15% is added when production is at 90%. Conversion cost is incurred evenly through manufacturing. The Weaving Department had 2,000 units of work in process in April 1 that were 40% complete as to conversion costs. During April, 9,000 units were completed and on April 30, 4,000 units remained in production. 20% incomplete with respect to conversion costs. What are the equivalent units of production for materials using weighted average?
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 5E: The Converting Department of Worley Company had 2,400 units in work in process at the beginning of...
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