Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

22 49 Stay Corporation uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 8,000 units, 60

image text in transcribed
image text in transcribed
22 49 Stay Corporation uses the weighted-average method in its process costing system. The company's ending work in process inventory consists of 8,000 units, 60 % complete with respect to materials and 80 % complete with respect to conversion costs. If the total cost in this inventory is $200,000 and if the cost for materials is $16 per equivalent unit for the period, the conversion cost per equivalent unit of the production for the period must be O 19.25 O 3125 O none of the above 23 19 the name of your instructor is O darryl harris O anthony newton andrew campbell O andrew campbell 24 49 Wyle Compamy uses the weighted average method in its process costing system. The following information was available for one of its processing departments The beginning work in process inventory consisted of 3,000 units, which were 75 % complete with respect to conversion costs. The department converted the equivalent of 59,000 units of production during the current month A total of 50,000 units were completed and transferred out of that department during the current month The ending work in process inventory consisted of 12,000 units, which were 65 % complete with respect to conversion costs. What is the number of equivalent units in ending work in process for the month for conversion costs? O 7800 O10000 Onone of the above 59

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions