The Rugger Company uses a process costing system. During the period, 500 units were in beginning inventory, 1,400 were started and 1,000 units were completed and transferred out. The beginning work in process was 20% complete and the ending work in process units were 60% complete. Materials are added at the beginning of the process and conversion costs are added evenly throughout production. Beginning WIP had $8,950 of materials costs and $860 of conversion costs. The cost of materials added during the current period amounted to $29,050; the conversion costs added during the current period amounted to $34,560.
-What were the equivalent units of production for conversion costs, using the weighted-average method?
A) 1,900
B) 1,540
C) 1,400
D) 1,440

Question

The Rugger Company uses a process costing system. During the period, 500 units were in beginning inventory, 1,400 were started and 1,000 units were completed and transferred out. The beginning work in process was 20% complete and the ending work in process units were 60% complete. Materials are added at the beginning of the process and conversion costs are added evenly throughout production. Beginning WIP had $8,950 of materials costs and $860 of conversion costs. The cost of materials added during the current period amounted to $29,050; the conversion costs added during the current period amounted to $34,560. 
-What were the equivalent units of production for conversion costs, using the weighted-average method?
A) 1,900
B) 1,540
C) 1,400
D) 1,440

Quizplus · Accepted Answer

The Answer of The Rugger Company uses a process costing system. During the period, 500 units were in beginning inventory, 1,400 were started and 1,000 units were completed and transferred out. The beginning work in process was 20% complete and the ending work in process units were 60% complete. Materials are added at the beginning of the process and conversion costs are added evenly throughout production. Beginning WIP had $8,950 of materials costs and $860 of conversion costs. The cost of materials added during the current period amounted to $29,050; the conversion costs added during the current period amounted to $34,560. 
-What were the equivalent units of production for conversion costs, using the weighted-average method?
A) 1,900
B) 1,540
C) 1,400
D) 1,440

The Rugger Company Uses a Process Costing System