Part 1

Knowledge Check 1

Daffy Taffy uses the weighted-average method in its process costing system. The company provided the following information:

Mixing Department	Units		Percentage Complete
			Materials		Conversion
Beginning work in process inventory	200		55%		60%
Units started into production during the period	3,000
Units transferred out during the period	2,600
Ending work in process inventory	600		25%		40%

What is the number of equivalent units of production with respect to materials during the period?

2,750

2,860

3,150

3,200

Part 2

Consider the following information from the records of Bennington Corporation. The company uses the weighted-average method.

Brining Department	Materials			Conversion
Equivalent units of production		1,670			1,660
Costs of beginning work in process	$	250		$	350
Costs added during the period	$	2,255		$	3,385

Knowledge Check 01

When computing the cost per equivalent unit for conversion, what is the total cost that will be included in the numerator of that calculation?

$3,735

$2,255

$5,640

$6,240

Knowledge Check 02

What is the cost per equivalent unit for conversion?

$1.50

$1.67

$2.20

$2.25