Question
Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating department: Units Direct materials Percent Complete
Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating department: Units Direct materials Percent Complete Conversion Percent Complete Beginning work in process inventory 95,000 70% 20% Units started and completed 280,000 Units completed and transferred out 375,000 Ending work in process inventory 37,500 30% 10% Production cost information for the Fabricating department follows. Beginning work in process
Direct materials | $ 113,760 | |
---|---|---|
Conversion | 94,700 | $ 208,460 |
Costs added this period | ||
Direct materials | $ 802,800 | |
Conversion | 934,300 | 1,737,100 |
Calculate the equivalent units of production for conversion.
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