Beckronski Company has the following information available for the month of March: Units Transferred- in Costs Direct Materials Conversion Costs Workminusinminusprocess inventory, March 1 240 $33,600 0 $18,000 Percent complete 100% 0% 62.5% Transferredminusin during March 400 Completed in March 440 Workminusinminusprocess inventory, March 31 200 Percent complete 100% 0% 80% Costs added in March $52,000 $13,200 $48,600 The company uses the weightedminusaverage cost method of process costing. What are the equivalent units for March for direct materials?

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akiran007 akiran007 · Answer 1 · 2020-03-24T06:28:27+01:00

Answer:

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Units Cost for Direct Materials= $52,000 /230= $ 226.086

Explanation:

Beckronski Company

Units Transferred- in Costs

Direct Mat Conversion Costs WIP inventory

March 1 240 $33,600 0 $18,000

Percent complete 100% 0% 62.5%

Equivalent Units 240 - 150

Transferred in

March 400

Equivalent Units 400 400 400

Mar 31 WIP inventory, 200

*Percent complete 100% 0% 80%

Equivalent Units 400 - 320

Weighted Average Cost Method = Beg. Inv Equiv. Units + Units Transferred in Less Ending Inventory Equivalent Units

Direct Material Equivalent Unit Weighted Average Cost Method= 240+ 400- 400= 240

Conversion Costs Equivalent Unit Weighted Average Cost Method=

0+ 400-0= 400

Work In Process Equivalent Unit Weighted Average Cost Method=

150+ 400-320= 230

Costs added in March $52,000 $13,200 $48,600

Units Cost for Direct Materials= $52,000 /230= $ 226.086