CJ company makes product M. The company began July with 500 units in process that were 100% complete as to material 1, 4/5 complete as to material 2 and 3/5 complete as to conversion costs. During the month, 3,300 units were started. On July 31, 2012, 350 units were in process (100% complete as to material 1, 30% incomplete as to material 2 and 40% incomplete as to conversion cost. Compute the EUP for conversion cost using Weighted Average Method?

Principles of Accounting Volume 2
19th Edition
ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
Section: Chapter Questions
Problem 8EB: A production department within a company received materials of $7,000 and conversion costs of $5,000...
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CJ company makes product M. The company began July with 500 units in process that were 100% complete as to material 1, 4/5 complete as to material 2 and 3/5 complete as to conversion costs. During the month, 3,300 units were started. On July 31, 2012, 350 units were in process (100% complete as to material 1, 30% incomplete as to material 2 and 40% incomplete as to conversion cost. Compute the EUP for conversion cost using Weighted Average Method?

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