Question: SIM Industrial uses a weighted average process costing system. The following information was reported for the Finishing Process for December. Units Percent Complete with Respect

SIM Industrial uses a weighted average process costing system. The following information was reported for the Finishing Process for December.

Units

Percent Complete with Respect to Conversion

Beginning work in process inventory

60,000

15%

Started into production during the month

105,000

Ending work in process inventory

40,000

20%

Materials are added at the beginning of the process. What were the equivalent units for conversion for the month?

Question 14 options:

133,000

100,000

165,000

125,000

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!