Information about units processed and processing costs incurred during a recent month in the Blending Department of a manufacturing company follow:Number of Units Conversion Costs (Percent Completion)11,000120,000114,00017,000Beginning work in process inventoryUnits started into productionUnits completed and transferred outEnding work in process inventoryThe beginning work in process inventory included $11,000 of conversion cost and $12,000 in material costs. During the month, the Department incurred anadditional $290,000 in conversion costs and $143,000 in material costs. All materials are added at the beginning of production in each department.Multiple Choice35%If the company uses the weighted-average cost method, what are the equivalent units of production for conversion costs for the Blending Department for themonth?114,000 units.30%119,100 units.

In weighted average method we takes average cost per unit to calculate the amount and equivalent…

Answered: If the company uses the…

If the company uses the weighted-average cost method, what are the equivalent units of production for conversion costs for the Blending Department for the month?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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