Question 32 Lucas Corporation uses the weighted-average method in its process costing system. Data concerning...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Question 32
Lucas Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory:
Units in beginning work in process inventory
900
Materials costs
$
9,600
Conversion costs
$
7,700
Percent complete with respect to materials
60
%
Percent complete with respect to conversion
45
%
Units started into production during the month
8,100
Units transferred to the next department during the month
6,900
Materials costs added during the month
$
115,800
Conversion costs added during the month
$
120,500
Ending work in process inventory:
Units in ending work in process inventory
2,100
Percent complete with respect to materials
75
%
Percent complete with respect to conversion
20
%
What are the equivalent units for materials for the month in the first processing department?
9,000
1,575
6,900
8,475
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
