The Davidson Company uses a weighted average process costing system The following information was reported for the Assembly Process for January Materials are added at the beginning of the process and are 100 Units units complete for conversions work in process, 1 1 60,000 15 started 105,000 work in process, 1 31 40,000 20 Costs Materials Conversion beginning work in process $ 16,500 $ 33,250 current costs $643,500 $332,500 1 What is the cost assigned to the units completed and transferred to finishing a $976,000 b $777,500 c $843,750 d $708,750 e None of these choices are correct 2 What are the equivalent units for conversion a 125,000 b 100,000 c 165,000 d 133,000 e None of these choices are correct

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Question: The Davidson Company uses a weighted average process costing system. The following information was reported for the Assembly Process for January. Materials are added at

The Davidson Company uses a weighted average process costing system. The following information was reported for the Assembly Process for January. Materials are added at the beginning of the process and are 100%.

Units:	units	% complete for conversions
work in process, 1/1	60,000	15%
started	105,000
work in process, 1/31	40,000	20%

Costs:
	Materials	Conversion
beginning work in process	$ 16,500	$ 33,250
current costs	$643,500	$332,500

1. What is the cost assigned to the units completed and transferred to finishing?

a.$976,000

b.$777,500

c.$843,750

d.$708,750

e.None of these choices are correct.

2. What are the equivalent units for conversion?

a.125,000

b.100,000

c.165,000

d.133,000

e.None of these choices are correct.

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