Blackmon Company introduces material at the beginning of operations in its process while adding conversion costs evenly throughout production. The following data is available for one period:

A total of 30 percent of the lost units were due to abnormal conditions. Inspection is at the 50 percent stage of operation.
Required:

a. Quantity schedule reflecting units lost.

b. Equivalent units and unit cost for material using:
(1) FIFO costing.
(2) Weighted-average costing.

c. Equivalent units and unit cost for conversion costs using:
(1) FIFO costing.
(2) Weighted-average costing.

Transcribed Image Text:

Received from preceding department Units transferred to next department Beginning inventory (20% processed) Ending inventory (40% processed) Current material cost 9,000 units 7,500 units 660 units 700 units $18,132 Current conversion costs Material cost in beginning inventory Conversion costs in beginning inventory $12,567 $ 1,188 $ 183