PROBLEM #3 12 points Narver Corporation uses the weighted-average method in its
ID: 2500110 • Letter: P
Question
PROBLEM #3 12 points Narver Corporation uses the weighted-average method in its process costing system. Operating data for the Mixing Department for the month of May appears below: Percent Complete with Respect to Units Conversion 6,600 60% Beginning work in process inventory 40,100 Transferred in from the prior department during May 37,100 Completed & transferred to the next dept during May Ending work in process inventory 9.600 80% What were the equivalent units for conversion costs in the Mixing Department for May?Explanation / Answer
No. of Equivelent unit is 47,420.
Particulars Unit % of completion in the May Equievelent Unit Opening 6600 0.40 2,640 Completed and transferred 37100 1.00 37,100 Closing 9600 0.80 7,680 Total 47,420