Question
A company uses weighted-average process costing for the product it manufactures. All direct materials are added at the beginning of production, and conversion costs are
A company uses weighted-average process costing for the product it manufactures. All direct materials are added at the beginning of production, and conversion costs are applied evenly during production. The following data apply to the past month: Total units in beginning inventory (30% complete as to conversion costs) 1,500, Total units transferred to finished goods inventory 7,400 and Total units in ending inventory (60% complete as to conversion costs) 2,300. Equivalent units with respect to conversion costs total ___________. Enter your answer without a dollar sign or commas, and round to the nearest dollar (if necessary).
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