Answered

Find the best answers to your questions with the help of IDNLearn.com's expert contributors. Discover the reliable solutions you need with help from our comprehensive and accurate Q&A platform.

Brody Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurred uniformly throughout the process. Beginning inventory for January consisted of 1,030 units that were 75% completed. 10,000 units were started into the process during January. On January 31, the inventory consisted of 400 units that were 40% completed. What would be the equivalent units for conversion cost using the weighted average method

Sagot :

Zvikoidn

Answer:

Equivalent units for conversion cost is 10,790 units

Explanation:

Completed and Transferred (1,030 + 10,000 - 400) x 100 % = 10,630

Ending Work In Process 400 x 40%                                         =     160

Total  equivalent units for conversion cost                              = 10,790

We greatly appreciate every question and answer you provide. Keep engaging and finding the best solutions. This community is the perfect place to learn and grow together. Your questions are important to us at IDNLearn.com. Thanks for stopping by, and come back for more reliable solutions.