Question: (1) Compute equivalent units of conversion costs. (2) Compute conversion costs per equivalent unit (3) Compute the total conversion costs transferred out to the next

(1) Compute equivalent units of conversion costs.

(2) Compute conversion costs per equivalent unit

(3) Compute the total conversion costs transferred out to the next process

Beginning work in process, 60% as of 12/1/2010 100 units

Transferred in 620

Normal spoilage 40

Abnormal spoilage 50

Good units completed and transferred out 550 units

Ending work in process, 75% as of 12/31/2010 80

Conversion costs in beginning inventory $160,000

Current period conversion costs $960,000

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