The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process...

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The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process...

The Rolling Department of Oak Ridge Steel Company had 300 tons in beginning work in process inventory (25% complete) on July 1. During July, 2,200 tons were completed. The ending work in process inventory on July 31 was 500 tons (40% complete).

What are the total equivalent units for conversion costs?
units

business accounting

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Answer 1

Answer #1

	Total whole numer	% of conversion completed during the period	Equivalent unit for conversion
Beginning work in process	300	75%	225
Add :Started & Completed during the period (2200-300)	1900	100%	1900
Transferred out of rolling	2200		2125
Add:Inventory in process, end of period	500	40%	200
Total units	2700		2325


total equivalent units for conversion costs?	2325 Units

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Answer 2

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