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Question - Healthy Choice Inc. manufactures vegetable oil and uses three processes - grinding, refining, and canning. It has provided the following production data for the grinding department:
Beginning work-in-process inventory: 5,000 fl. oz., which are 60% complete.
Units started during the period: 50,000 fl. oz.
Units completed and transferred to the refining process: 48,000 fl. oz.
All direct materials are added at the beginning of the production process in the grinding department. The ending work-in-process inventory is 70% complete with respect to conversion costs at the end of the period. Compute the equivalent units of production (EU) with respect to conversion costs under the weighted average method.
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