Ask Question
16 September, 14:12

M Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for September. Percent Complete Units Materials Conversion Work in process, September 1 1,900 55 % 10 % Units started into production during September 9,300 Units completed during September and transferred to the next department 8,400 Work in process, September 30 2,800 75 % 25 % Required: Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using the weighted-average method.

+1
Answers (1)
  1. 16 September, 18:01
    0
    For material = 10,500 units

    For conversion = 9,100 units

    Explanation:

    The computation of the equivalent units of production for both materials and conversion costs is shown below:-

    For material = Units completed and transferred to the next department + (Work in process * Material work in progress percentage

    = 8,400 + (2,800 * 75%)

    = 8,400 + 2,100

    = 10,500 units

    For conversion = Units completed and transferred to the next department + (Work in process * Conversion work in progress percentage

    = 8,400 + (2,800 * 25%)

    = 8,400 + 700

    = 9,100 units

    Therefore we have computed the equivalent units of production for both materials and conversion costs by applying the above formula.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “M Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for September. ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers