Question: Magdeburg Company uses a weighted average method in its process costing system. The Assembly department started the month with 45,000 units in its beginning work-in-process
Magdeburg Company uses a weighted average method in its process costing system. The Assembly department started the month with 45,000 units in its beginning work-in-process inventory that were 70% complete with respect to conversion costs. An additional 265,000 units were transferred into the Assembly department during the month. During the month, 240,000 units were completed in the Assembly department and transferred to the next department. There were 65,000 units in the ending work-in-process inventory of the Assembly department that were 100% complete as to materials and 60% complete with respect to conversion costs. What are the equivalent units for conversion costs in the Assembly department for the month?
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