Department B is the second stage of Boswell Corporation’s production cycle. On November 1, beginning work in process contained 50,000 units, which were 30 percent complete as to conversion costs. During November, 320,000 units were transferred in from the first stage of the production cycle. On November 30, ending work in process contained 40,000 units, which were 65 percent complete as to conversion costs. Materials are added at the end of the process. Using the weighted-average method, what are the equivalent units of production for prior department costs, materials, and conversion costs for the month of November, respectively?
370,000; 330,000; 304,000
370,000; 330,000; 345,000
370,000; 330,000; 356,000
320,000; 330,000; 356,000
None of the above
Answer:
First calculate the unit transferred out as under
unit transferred out
= Units started at the period + Beginning inventory – End. Inventory3=
= 320,000 + 50,000 – 40,000
= 330,000
unit transferred out = 330,000
Now find out the equivalent units of production for prior department costs, materials, and conversion costs for the month of November
Calculation of the equivalent units of production for prior department costs, materials, and conversion costs for the month of November
| Prior dpt. Cost | Material | Conversion | |||
| Units transferred out (330,000) | 330000 | 100% | 330000 | 100% | 330000 |
| EU in ending inventory ( | |||||
| Prior dpt. Cost | 40000 | ||||
| Material (0) | 100% | 0 | |||
| Conversiion (40000) | 65% | 26000 | |||
| 370000 | 330000 | 356000 |
So the answer is 370,000; 330,000; 356,000
