1 answer

The Rolling Department of Kraus Steel Company had 6,752 tons in beginning work in process inventory...

Question:

The Rolling Department of Kraus Steel Company had 6,752 tons in beginning work in process inventory (60% complete) on October

The Rolling Department of Kraus Steel Company had 6,752 tons in beginning work in process inventory (60% complete) on October 1. During October, 84,400 tons were completed. The ending work in process inventory on October 31 was 5,908 tons (30% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit. units

Answers

Total Equivalent Units for Conversion Costs                82,121 units
Working
Physical Units Percent Conversion Completed in Period Equivalent Units for Conversion
Beginning work in process                 6,752 40%                   2,701
Started in Production and Completed                77,648 100%                 77,648
Transferred out in Rolling                84,400
Ending work in process                 5,908 30%                   1,772
              82,121
.

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