can you advise if the Conversion cost is the same as overhead? on question 2 the journal entry shows: work in progress...........$,13,5000

overhead cost ...........$13,5000

The text states that the $13,500 is conversion cost so it it the same thing? I ask because number 3 shows: 80,000 x .75 = 60,000 lbs - materials

80,000 x .25 =20,000 lbs - conversion cost

Number 4 asked to calculate the equivalent unit of production for materials

so it was calculated as: Materials - 391,850 so we took that number and divided by the finished goods which is 60,000lbs for materials and came up with $6.53

for umber 5 you asked to do the same but for Conversion.. I'm confused because on sheet you only have Beg bal, materials and overhead so if we do the same our we taking the 20,000lbs conversion cost figure and dividing it by the overhead cost of 287,300?

I hope you understand because to me it looks like the overhead cost is being use as conversion.

I am have an issue with number 5 & 6

\fGroup A Chapter 4 Use the information below and the Work in Process account information to complete the questions for a processing department. The weighted average method is used to account for units and costs. Work In Process - Blending Department Jan Beg Bal $50,050 Materials 391,850 Overhead 287,300 On January 1, the work in process beginning inventory had 70,000 pounds; materials consisted of $36,550 and $13,500 of conversion costs. During the month, 460,000 pounds were started into production. The ending inventory on January 31 was 80,000 pounds, which consisted of 75% completed for materials and 25% conversion costs. 1. Prepare the journal entry to record the raw materials used in production 2. Prepare the journal entry to record the overhead cost applied to production 3. Calculate the number of units that were completed and transferred to finished goods during the period 4. Calculate the equivalent units of production for materials 5. Calculate the equivalent units of production for conversion 6. Calculate the cost of beginning work in process inventory and the cost added during the period for materials. 7. Calculate the cost of beginning work in process inventory and the cost added during the period for conversion. 8. Calculate the cost per equivalent unit for materials 9. Calculate the cost per equivalent unit for conversion 10. Calculate the cost of ending work in process for materials 11. Calculate the cost of ending work in process for conversion. 12. Calculate the cost of materials transferred to finished goods 13. Calculate the amount of conversion cost transferred to finished goods 14. Prepare the journal entry to record the transfer of costs from Work In Process to Finished Goods