MC Qu. 54 Dodd Corporation uses the weighted-average ...
Dodd Corporation uses the weighted-average method in its process
costing system. This month, the beginning inventory in the first
processing department consisted of 400 units. The costs and
percentage completion of these units in beginning inventory
were:
Cost
Percent Complete
Materials
costs
$7,500
75%
Conversion
costs
$4,000
45%
A total of 5,400 units were started and 4,700 units were
transferred to the second processing department during the month.
The following costs were incurred in the first processing
department during the month:
Materials
costs
$112,900
Conversion
costs
$93,900
The ending inventory was 85% complete with respect to materials and
30% complete with respect to conversion costs.
Note: Your answers may differ from those offered below due to
rounding error. In all cases, select the answer that is the closest
to the answer you computed. To reduce rounding error, carry out all
computations to at least three decimal places.
What are the equivalent units for conversion costs for the month in
the first processing department?
A) 330
B) 5,800
C) 4,700
D) 5,030