Question: A firm uses process costing system based on the weighted average method. At the end of June there are 500 units in ending inventory, and
A firm uses process costing system based on the weighted average method. At the end of June there are 500 units in ending inventory, and these units are 100% complete with direct materials, but only 40% completed with conversion resources. Assume that a total of 3,000 units that are 100% completed with both direct materials and conversion resources are transferred to the subsequent department.
What is the equivalent units of conversion resources used during June? Show work.
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