The Wisco Company has a process cost system. All materials are added when the process is first begun. At the beginning of September, there were no units of product in process. During September 59,000 units were started; 5,900 of these were still in process at the end of September and were 60% finished. What were the equivalent units for the conversion costs in September?

The Wisco Company has a process cost system. All materials are added when the process is first begun. At the beginning of September, there were no units of product in process. During September 59,000 units were started; 5,900 of these were still in process at the end of September and were 60% finished. What were the equivalent units for the conversion costs in September?

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 4CMA: A company is using process costing with the first-in, first-out (FIFO) method, and all costs are...

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Ardt-Barger has a beginning work in process inventory of 5.500 units and transferred in 25,000 units before ending the month with 3.000 u flits that were 100% complete with regard to materials and 80% complete with regard to conversion costs. The cost per unit of material is $5.45, and the cost per unit for conversion is $6.20 per unit, Using the weighted-average method, prepare the companys process cost summary for the month.
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