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Industrial Supply Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed
Industrial Supply Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below.
| Work in process, beginning: |
| |
| Units in beginning work in process inventory | 400 |
|
| Materials costs | $6,900 |
|
| Conversion costs | $2,500 |
|
| Percent complete for materials | 80% |
|
| Percent complete for conversion | 15% | |
| Units started into production during the month | 6,000 | |
| Units transferred to the next department during the month | 5,200 | |
| Materials costs added during the month | $112,500 | |
| Conversion costs added during the month | $210,300 | |
|
| ||
| Ending work in process: |
| |
| Units in ending work-in-process inventory | 1,200 |
|
| Percentage complete for materials | 75% |
|
| Percentage complete for conversion | 30% |
|
Required: Calculate the equivalent units for conversion for the month in the first processing department. PLEASE SHOW YOUR WORK
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