McIlhenny Company McIlhenny Company adds material at the start of production. The following production information is...
McIlhenny Company
McIlhenny Company adds material at the start of production. The
following production information is available for
February:
| Beginning Work in Process Inventory | |||
| (35% complete as to conversion) |
10,000 |
units | |
| Started this period |
120,000 |
units | |
| Ending Work in Process Inventory | |||
| (60% complete as to conversion) |
8,000 |
units | |
| Beginning Work in Process Inventory Costs: | |||
| Material |
$24,500 |
||
| Conversion |
68,905 |
||
| Current Period Costs: | |||
| Material |
$ 75,600 |
||
| Conversion |
130,053 |
||
Refer to McIlhenny Company. What are the equivalent units for
conversion using the weighted average method?
| a. |
128,360 |
|
| b. |
130,000 |
|
| c. |
122,000 |
|
| d. |
126,800 |
Homework Answers
Answer
--Correct Answer = Option 'D' 126,800 units
|
EUP - Weighted Average Method |
Units |
% Conversion |
EUP - Conversion |
|
Units TRANSFERRED |
122,000 |
100% |
122,000 |
|
Units of ENDING WIP |
8,000 |
60% |
4,800 |
|
Equivalent Units of Production |
126,800 |
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