The Townson Manufacturing Company has gathered the following information for the month of September:8,100 units in the beginning Work-in-Process Inventory (75% complete as to materials, 1/3 complete with respect to the conversion costs).81,000 units were started into production.59,100 units were completed and transferred to the next department.The ending Work-in-Process Inventory is complete as to materials but only 3/8 complete with respect to conversion costs.What are the equivalent units of production (EUPs) for the conversion costs in the month of September assuming Townson uses weighted-average process costing?

Equivalent units of production are based on whole units and their percentage of completion. Cost…

Answered: anufacturing Company has gathered the…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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The Townson Manufacturing Company has gathered the following information for the month of September:

8,100 units in the beginning Work-in-Process Inventory (75% complete as to materials, 1/3 complete with respect to the conversion costs).
81,000 units were started into production.
59,100 units were completed and transferred to the next department.
The ending Work-in-Process Inventory is complete as to materials but only 3/8 complete with respect to conversion costs.

What are the equivalent units of production (EUPs) for the conversion costs in the month of September assuming Townson uses weighted-average process costing?

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