Swan CorpBegan Work on 4,200 Units This Period

question 69

Essay

Swan Corp.began work on 4,200 units this period.Work in Process Inventory was 700 at the beginning of the period (60% complete)and 1,400 at the end of the period (50% complete).Swan uses the weighted average method of process costing.Direct materials are added at the beginning of the process,and conversion costs are incurred evenly throughout the period.
Required:
Using the weighted average method:
a.How many units were completed during the period?
b.Determine the number of equivalent units for direct materials.
c.Determine the number of equivalent units for conversion costs.

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Definitions:

Retention

The ability to keep or hold onto information, objects, or qualities over time.

Head Injury

Physical trauma to the head, which can lead to various symptoms and conditions, from minor concussions to severe brain damage.

Source-Monitoring Error

A type of memory error where an individual misattributes the origin of a memory, confusing the source from which information was acquired.

Retrograde Amnesia

A loss of memory access to events that occurred, or information that was learned, before an injury or the onset of a disease.