Purchase Solution

Equivalent units for conversion costs

Not what you're looking for?

Ask Custom Question

The company I work for produces canned vegetable soup. The company uses the weighted-average method in its process costing system. The company sold 300,000 units in January. There was no beginning work in process or finished goods inventory. Work in Process inventory at January 31 was 24,000 units, which were 75% complete as to conversion costs. The Finished Goods inventory at January 31 was 60,000 units. What were the equivalent units for conversion costs for January?

Purchase this Solution
Solution Summary

This discusses the computation of Equivalent units for conversion costs

Purchase this Solution
Free BrainMass Quizzes
Basics of corporate finance

These questions will test you on your knowledge of finance.

Six Sigma for Process Improvement

A high level understanding of Six Sigma and what it is all about. This just gives you a glimpse of Six Sigma which entails more in-depth knowledge of processes and techniques.

Situational Leadership

This quiz will help you better understand Situational Leadership and its theories.

Academic Reading and Writing: Critical Thinking

Importance of Critical Thinking

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

View More Free Quizzes
Related BrainMass Solutions

  • Equivalent units using FIFO

    114384 Equivalent units using FIFO A)Schiller Company has unit costs of $5 for materials and $15 for conversion costs.

  • Equivalent units and costs

    180,000-144,000=36,000 Equivalent units for conversion = 144,000 X 100% + 36,000 X 40% = 158,400 equivalent units b.

  • Equivalent units of production for materials and conversion

    For January, a firm's equivalent units of production for materials and conversion costs are 20,000 and 16,000, respectively. The total cost of materials used during the month is $64,000, and conversion costs are $80,000.

  • Physical Flow of Units, Equivalent Units, Unit & Total Costs

    Direct Material Conversion Total $ $ $ Total costs to account for $ $ $ Equivalent units Costs per equivalent unit $ $ $ 4.

  • Process costing

    for conversion (FIFO) = Current Period Conversion Costs /Equivalent units of work done to date =$76956/24150=$3.186 =$3.19 (Approximately) Soltuion shows calculations of number of units transferred out and cost per equivalent unit under weighted average

  • XYZ Company

    Costs added during the month were $330,000 for materials and $503,750 for conversion. Required: Using the weighted-average method, calculate: A. total equivalent units for material and conversion.

  • Batista Manufacturing, Podsednik, Hancock: equivalent units

    Direct labor $81,000 Overhead $97,200 Compute equivalent units of production for materials and for conversion costs.

  • Conversion costs

    Prepare a schedule of the output in equivalent units for materials and conversion costs.

  • Equivalent Units of Production and Cost per Equivalent Unit

    Assume the company uses the weighted average method of accounting for units and costs. Determine the equivalent units produced during July. B. Compute the cost per equivalent unit of material and of conversion.

  • Process Costing: FIFO and Weighted Average Methods

    Using FIFO, the equivalent units of production for conversion costs are? Using FIFO, the equivalent unit cost of materials for May is? Using FIFO, the equivalent unit conversion cost for May is?

View More Related Solutions