What are the total equivalent units for Pampin (Famin) Company using the weighted-average method?
Not what you're looking for?
Pampin Company uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January.
Units Percentage complete
Beginning work in process inventory 9,600 50%
Transferred in from the prior department during January 43,000
Completed and transferred to the next department during January 45,500
Ending work in process inventory 7,100 10%
The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was 17,328 and a total of 161,085 in conversion costs were incurred in the department during January.
What was the cost per equivalent unit for conversion costs for January in the Molding Department? (Round off to three decimal places.)
3.861
3.215
3.610
3.746
Purchase this Solution
Solution Summary
This solution shows how to calculate the total equivalent units using the weighted average method.
Purchase this Solution
Free BrainMass Quizzes
Operations Management
This quiz tests a student's knowledge about Operations Management
IPOs
This Quiz is compiled of questions that pertain to IPOs (Initial Public Offerings)
Marketing Research and Forecasting
The following quiz will assess your ability to identify steps in the marketing research process. Understanding this information will provide fundamental knowledge related to marketing research.
Cost Concepts: Analyzing Costs in Managerial Accounting
This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.
Motivation
This tests some key elements of major motivation theories.