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Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Calculate the equivalent units of production
Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Calculate the equivalent units of production for the year: Beginning Work in Process (40% complete, $1700) Ending inventory of Work in Process (80% complete) Total units started during the year 260units 460units 3800units 3968 units. 3800 units. 4520 units. 3864 units. 4168 units. At the beginning of the month, the Painting Department of Skye Manufacturing had 39,000 units in inventory, 75% complete as to materials, and 20% complete as to conversion. During the month the department started 134,000 units and transferred 148,500 units to the next manufacturing department. At the end of the month, the department had 24,500 units in inventory, 40% complete as to materials and 15% complete as to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Painting Department. 129,050 materials; 152,175 conversion. 158,300 materials; 152,175 conversion. 152,175 materials; 158,300 conversion. 158,300 materials; 144,375 conversion. 129,050 materials; 144,375 conversion
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