Kamp Company uses the weighted-average method in its process costing

Kamp Company uses the weighted-average method in its process costing. Information about units processed during a recent month in the Curing Department follow:   

		Units	Conversion Percent Completion
	Beginning work in process inventory........	10,000	30%
	Units started into production....................	150,000
	Units completed and transferred out........	140,000
	Ending work in process inventory.............	20,000	40%

 

The beginning work in process inventory had $4,600 in conversion cost. During the month, the Department incurred an additional $210,000 in conversion cost.
           

Required:

a.       Determine the equivalent units of production for conversion for the month.
b.      Determine the cost per equivalent unit of production for conversion for the month.
c.       Determine the total conversion cost transferred out during the month.
d.      Determine the conversion cost assigned to the ending work in process inventory.

 TUTORIAL PREVIEW

a.	Units transferred out	140,000
	Add: equivalent units in the ending inventory	8,000
	Equivalent units of production	148,000

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