Midterm Exam I Quest 39 Choe Corporesion uses the weightedav

Midterm Exam I Quest 39. Choe Corporesion uses the weighted-average method in its process costing system Tris month, the department consisted or 660 units The cosis and percentoge beginning inventory in the first processing complesion of these units in beginning inventory were Cost 7,500 $6,500 A total of 9700 units were started and 8300 uns were vonsferred to the second processing department during the month. The tolowng costs were incuried nthe trst proceing despartment during the monh $137 500 $323.500 The ending inventory was 70% complete with respect to motenois ond 65% complete with respect to conversion costs Note: Your answers may ditfer from those offered below due to rounding error in all coses, select the answer that is the closest to the anower you computed To reduce younding eror, carry out all computations to a least three decimal places What are the equivalent units for conversion costs for the month in the frst processing department? O 1339 Unts O 10,360 Units 8300 Units O 9639 Units

Solution

Answer:

9639 units

Working notes for the answer:

Statement of equivalanent production

Weighted average method

In

Out

equivalent units

Particular

Units

Particular

Units

Matrial

Conversion

Opening WIP

660

Competed

8300

8300

100%

8300

100%

Units Introduced

9700

Closing WIP

(10360-8300)

2060

1442

70%

1339

65%

10360

10360

9742

9639

Statement of equivalanent production
Weighted average method
In	Out	equivalent units
Particular	Units	Particular	Units	Matrial		Conversion
Opening WIP	660	Competed	8300	8300	100%	8300	100%
Units Introduced	9700	Closing WIP (10360-8300)	2060	1442	70%	1339	65%
	10360		10360	9742		9639