Jawson Corporation uses the weighted-average method in its process costing system. Operating data for the Painting Department for the month of April appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 6,300 10% Transferred in from the prior department during April 65,600 Ending work in process inventory 4,600 70% What were the equivalent units for conversion costs in the Painting Department for April?a. 67,300 b. 70,520 c. 68,820 d. 63,900

B. 70520

Explanation:

Given the following ;

Beginning work in process = 6,300, 10%

Ending work in process = 4,600, 70%

Transferred from previous department= 65,600

Applying the weighted average method,

Unit transferred = beginning work in process + transferred from business department - ending work in process

Unit transferred = 6300 + 65600 - 4600

Unit transferred = 71900 - 4600 =67300

Equivalent unit for conversion = ending process inventory × 0.7 + units transferred = (4600 ×0.7) +67300

3220 + 67300 = 70520

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