What are the equivalent units for conversion in ending wip

Assignment Help Accounting Basics

Reference no: EM131900446

Problem

Larner Corporation uses the weighted-average method in its process costing system. Operating data for the first processing department for the month of June appear below:

	Units	% Complete with respect to Conversion
Beginning work in process inventory	24,000	40%
Started into production during June	86,000
Ending work in process inventory	19,000	20%

According to the company's records, the conversion cost in beginning work in process inventory was $68,064 at the beginning of June.
Additional conversion costs of $585,324 were incurred in the department during the month.

MAKE SURE to SHOW YOUR WORK!

Required:

1. What are the equivalent units for conversion in ending WIP?
2. What are the equivalent units of production for conversion?
3. What was the cost per equivalent unit for conversion costs for the month?

Reference no: EM131900446

Questions Cloud

Saint charles borromeo : Who was this architect and sculptor, who created the pulpit in the Antwerp church dedicated to Saint Charles Borromeo?

What would you tell the receptionist about purpose of hipaa : You have been working as a receptionist in the front office of a busy cardiology practice for over a year now and have been offered a promotion.

Maximilian of habsburg : Hugo van der Goes the painter who contributed to the wedding decorations. My daughter married Maximilian of Habsburg. What was my name?"

What do you understand by the term sweat your assets : Why must a ground connection exist for a zero-sequence current to flow? What do you understand by the term "sweat" your assets in a business

What are the equivalent units for conversion in ending wip : What are the equivalent units for conversion in ending WIP? What are the equivalent units of production for conversion?

Which river divided these vassal states : From 843 A.D till about 1011 A.D., the frontier between the feudal vassal territories owing allegiance to the nascent French kingdom and the German kingdom

What is the difference between causation and correlation : How would you describe the difference between causation and correlation to the manager?

Impression of the battle of the golden spurs : This novel gave his impression of the Battle of the Golden Spurs (July 11th, 1302). Who was this author?

Some of his operas include zemire et azor : Some of his operas include "Zemire et Azor" ("Zemire and Azor", the names of the two protagonists) and "L'amant jaloux" ("The Jealous Lover"). What is his name?

User Account

All Pages