Question: Perkins Company uses the weighted-average method in its process costing system. The company sold 250,000 units during the current month. The following data were taken
Perkins Company uses the weighted-average method in its process costing system. The company sold 250,000 units during the current month. The following data were taken from the companys accounting records:
Beginning inventories:
Work in process Packing Department None Finished goods 75,000 units
Ending inventories: Work in process Packing Department (75% complete as to conversion costs) 16,000 unis Finished goods 60,000 units
The equivalent units of production for conversion costs were:
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