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How do I determine the equivalent units for materials and conversion? Support - M2: MBC Exercises Ch. 3 & 4 Navigation Finish attempt .. Question

How do I determine the equivalent units for materials and conversion?

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Support - M2: MBC Exercises Ch. 3 & 4 Navigation Finish attempt .. Question 3 Not complete Mark 0.03 out of 1.00 Flag question Equivalent Units and Product cost Report-Weighted Average Method The following data (and annotations) are for Joyner Company's processing department work-in-process account for the month of June 2019: Beginning inventory (700 units, 40% complete) Direct materials $20,335 Conversion costs 55,594 Current period Direct materials (5,000 units) 245,000 Direct labor 417.200 Manufacturing overhead applied 264,600 Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of 900 units, 70% complete. Compute the followin a. Equivalent units for materials and conversion. b. Cost per equivalent unit for materials and conversion. c. Total cost assigned to the units transferred out. Equivalent Units % Work Direct % Work Conversion Where do the units come from? Where do the units go? Done? Materials Done? Costs Beginning Inventory 700 Complete/Transferred O X 0 96 X 0 X 0 % x 0 X Started 0 x Ending Inventory 0 x 0% X 1 X 0 96 % Total 0 x Total 0 x

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