Question

Nabais Corporation uses the weighted-average method in its process costing system. Operating data for the Lubricating Department for the month of October appear below: Units % Complete with respect to Conversion Beginning WIP inventory 3,300 80% Transferred in from the prior Dept during October 30,700 Completed and transferred to next Dept during October 32,200 Ending work in process inventory 1,800 60%What were the equivalent units for conversion costs in the Lubricating Department for October?a. 29,200b. 32,200c. 31,780

Answer 1

33,280 units

Step-by-step explanation:

Calculation of equivalent units for conversion costs

Units Completed and Transferred (32,200 x 100%) 32,200

Units in Ending Inventory (1,800 x 60%) 1,080

Equivalent units of production 33,280

Therefore,

the equivalent units for conversion costs in the Lubricating Department for October is 33,280 units