Hello, and thanks for the question.
Some info is missing, such as how many units were started and how many were transfered.
hikll corporations uses the weighted average methof in its process costing system. This month, the beginning inventory in the first processing department consisted of 700 units. The cost and percentage completion of these units in beginning inventory were:
Materials cost $9,100 - 80% complete
Conversion cost $5,400 - 25% complete
a total of 7,000 units were started, and 6600 units were transferred to the seconf processing department during the month. the following costs were incurred in the first processinng department during the month Materials cost - $96,700
Conversion Costs -$180,700 the ending inventory was 80% completed for materials and 80% completed for conversion costs. Required: calculate the equivalent units for conversion costs for teh month in thr first procsessing deparmtent.
Ques #1The following overhead data are for a department of a large company.Actual cost incurred strategic budgetActivity level (in units) 360 340variable cost:indirect materials $4,182 $4,148electricity $2,536 $2,414Fixed cost:administration $6,540 $6,500rent $6,310 $6,400required: construct a flexible performance budget report that would be useful in assessing how well costs were controlled in this department
Total Units to Account For = 700 units + 7,000 units = 7,700 unitsTotal Ending Inventory = 7,700 units - 6,600 units = 1,100 unitsEquivalent Units (conversion) = 6,600 units + (1,100 units x 80%) = 7,480 units
Hope this helps!
Maverick corportaions uses the weighted- everage method in its process costing system. Data concerning the first processing department for the most recent month are listed below:units in beginning work in process inventory 400Materials cost $6,900Conversion cost $2,500Percent complete for materials 80%percent complete for conversion 15%units started into production during the month 6,000units started into production during the month $112,500conversion cost added during the month $210,300Ending work in process:units in ending work in process inventory 800percent complete for materials 70%percent complete for conversion 30%Required: calculate the equivalent units for materials for the month in the first processing department.
can you help me with this