Reference no: EM132488864
Question 1: At the beginning of the month, the Painting Department of Skye Manufacturing had 37,000 units in inventory, 70% complete to materials, and 25% complete to conversion. During the month the department started 132,000 units and transferred 145,500 units to the next manufacturing department. At the end of the month, the department had 23,500 units in inventory, 40% complete to materials and 10% complete to conversion. If Skye Manufacturing uses the weighted average method of process costing, compute the equivalent units for materials and conversion respectively for the Painting Department.
Multiple Choice
Option 1: 154,900 materials; 147,850 conversion.
Option 2: 129,000 materials; 138,600 conversion.
Option 3: 154,900 materials; 138,600 conversion.
Option 4: 147,850 materials; 154,900 conversion.
Option 5: 129,000 materials; 147,850 conversion.