Question: Northern Company has a process costing system using the weighted average cost flow method. All materials are introduced at the beginning of the process in

Northern Company has a process costing system using the weighted average cost flow method. All materials are introduced at the beginning of the process in Department 1. The following information is available for the month of January:

UNITS

Work in process, January 1 (60% done as to conversion cost) 4,000

Started in January 12,000

Transferred to Department 2 during January 10,000

Work in Process, January (20% done as to conversion cost) 6,000

The number of equivalent units of production for conversion costs for the month of January are:

A) 12,000

B) 11,600

C) 11,200

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!