Solution-What would be the equivalent units of production

What would be the equivalent units of production

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Reference no: EM133072069

Question - On June 30, Cheyenne Chemicals Limited has 16,300 units in its ending work-in-process account. These units are 80% complete with respect to conversion costs. Conversion costs are added uniformly throughout the process, but the production process adds materials in stages as follows:

Process Stage	Percent of Materials Added
0% completion	10%
40% completion	30%
75% completion	45%
95% completion	15%

The company introduced 55,300 units to production during June and completed 48,800 units in the month. On June 1, the work in process was 70% complete with respect to conversion costs.

Required - Assuming that the company uses the weighted-average method, what would be the equivalent units of production with regard to conversion costs?

Reference no: EM133072069

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What would be the equivalent units of production

Reference no: EM133072069

Reference no: EM133072069

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