Question: A company uses the weighted-average method in its process costing system. The work in process for Department A consisted of 2,000 units in December 1,

A company uses the weighted-average method in its process costing system.

The work in process for Department A consisted of 2,000 units in December 1, out of which 100% completed with respect to materials and 60% completed with respect to conversion. A total of 155,000 units were started during the month in department A, and a total of 120,000 units were completed and transferred out of department A during the month.

The ending work in process inventory for December 31 was 4,000 units, out of which 100% completed for material costs and 75% completed for conversion costs.

What was the number of equivalent units of production in department A during December?

a) 124,000 with respect to materials and 123,000 with respect to conversion

b) 146,000 with respect to materials and 146,000 with respect to conversion

c) 152,000 with respect to materials and 150,500 with respect to conversion

d) 161,000 with respect to materials and 159,500 with respect to conversion

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Evans Company uses the weighted-average method in its process costing system. During October, the Mixing Department transferred out 40,000 units. The October 31 work-in-process inventory in the...

Madsen company uses the weighted-average method in its process costing system. During October, the mixing department transferred out 40,000 units. the october 31 work-in-process inventory in the...

1. madsen company uses the weighted-average method in its process costing system. during october, the mixing department transferred out 40,000 units. the october 31 work-in-process inventory in the...

Scribners Corporation produces fine papers in three production departments-Pulping, Drying, and Finishing. In the Pulping Department, raw materials such as wood fiber and rag cotton are mechanically...

5 part question information part1 part2 part 3 part4 part 5 Scribners Corporation produces fine papers in three production departments -Pulping. Drying and Finishing. In the Pulping Department, raw...

Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 2 8 0 units in process, started 1 , 4 9 0 units, and had 1 0 0 units in process...

Q1 Seaside Company uses the weighted-average method in its process costing system. The Sanding Department started the month with 8,000 units in its beginning work-in-process inventory that were 70%...

Old Country Links, Incorporated, produces sausages in three production departmentsMixing, Casing and Curing, and Packaging. In the Mixing Department, meats are prepared and ground and then mixed with...

Block Company uses the weighted-average method in its process costing system. The Packaging Department started the month with 260 units in process, started 1,480 units, and had 140 units in process...

a. A stationery store wants to estimate the mean retail value of greeting cards purchased by its customers when they visit the store. A random sample of 15 customers indicates a mean amount of $2.55...

Dingus& Carter use job costing to assign overhead costs to clients. Next month, the labor hours for junior partne rlawyers and senior partner lawyers in the San Diego office are budgeted at4,000...

When is a shareholder permitted to sue as a representstice of a corportatio

WHAT IS the cash flow statement BBINFIT ,AND HOW WE CAN ANALAYSES

=+ d. Suppose that both countries start off with a capital stock per worker of 2. What are the levels of income per worker and consumption per worker? Remembering that the change in the capital stock...

=+ 2. In the discussion of German and Japanese postwar growth, the text describes what happens when part of the capital stock is destroyed in a war. By contrast, suppose that a war does not

=+directly affect the capital stock, but that casualties reduce the labor force. Assume the economy was in a steady state before the war, the saving rate is unchanged, and the rate of population...