Principles of Accounting Volume 2
19th Edition
ISBN: 9781947172609
Author: OpenStax
Publisher: OpenStax College
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On March 1, 2019, Balt Company's beginning work in process inventory had 5,000 units. This is its only production department. Beginning WIP units were 50% complete to conversion costs. Balt introduces direct materials at the beginning of the production process. During March, a total of 28,000 units were started and the ending WIP inventory had 9,800 units which were 30% complete to conversion costs. Balt uses the weighted average method. Use this information to determine for March 2019 the equivalent units of production for conversion costs.
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