TCO B A company uses the weightedaverage method in its proce

((TCO B) A company uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below Work in process, beginning Units in beginning work in process inventory 400 Materials costs $6,900 Conversion costs $2,500 Percent complete for materials 80% Percent complete for conversion 15% Units started into production during the month 6,000 Units transferred to the next department during the month 5,400 Materials costs added during the month $112,500 Conversion costs added during the month 210,300 Ending work in process Units in ending work-in-process inventory 1,000 Percentage complete for materials 80% Percentage complete for conversion 30% Required: Calculate the total equivalent units for conversion for the month in the first processing department.

Solution

equivalent units for conversion

Units completed and transferred to the next department	5400
Add: Ending work in process (30% complete x 1,000 units)	300
Equivalent units of production	5700