Reference no: EM132693911
Problem 1: Six Flags Corporation adds all material at the beginning of the production and incurs conversion costs evenly throughout manufacturing. The company had 30,000 units in process on January 1, 1999, 24% complete with respect to conversion costs, and 20,000 units in process at December 31,1999, 20% complete with respect to conversion cost. The company completed and transferred out 400,000 units during the year. Using weighted-average process costing calculate the equivalent units for the year.
Option 1: materials, 420,000; conversion 404,000.
Option 2: materials, 420,000; conversion 407,200.
Option 3: materials, 430,000; conversion 407,200.
Option 4: materials, 450,000; conversion 420,000.
Option 5: none of the above.
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