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Tript Corporation Has a Process Costing System and Uses the Weighted-Average

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Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in process on February 1 that were 60% complete with respect to conversion costs. During the month, 10,000 units were completed. At the end of the month, 4,000 units remained in work in process that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process.The equivalent units for February for conversion costs were:


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A potential financial obligation that may arise in the future, dependent on the occurrence of certain events.

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