FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 4,000 units in
its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 66,000 units were transferred in
from the prior department during the month to begin processing in the Assembly Department. There were 28,000 units in the ending work in
process inventory of the Assembly Department that were 60% complete with respect to conversion costs.
What were the equivalent units for conversion costs in the Assembly Department for the month?
Multiple Choice.
56,000
O 42.000
58.800
90,000
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Transcribed Image Text:Bims Corporation uses the weighted-average method in its process costing system. The Assembly Department started the month with 4,000 units in its beginning work in process inventory that were 70% complete with respect to conversion costs. An additional 66,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 28,000 units in the ending work in process inventory of the Assembly Department that were 60% complete with respect to conversion costs. What were the equivalent units for conversion costs in the Assembly Department for the month? Multiple Choice. 56,000 O 42.000 58.800 90,000
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