Question

Milton, & Company had 8,000 units of work-in-process inventory in Department M on March 1, 1991, which were 50% complete as to conversion costs. Direct materials are introduced at the beginning of the process. During March 17,000 units were started, 18,000 units were completed and there were 2,000 units of normal spoilage. Milton & Company had 5,000 units of the work-in-process inventory at March 31, 1991, which were 60% complete as to conversion costs. Under milton’s cost accounting system, spoiled units reduce the number of units over which total cost can be spread. Using the weighted average method, calculate the equivalent units for the March for conversion costs.
​

Answer 1

Answer:

Milton, & Company had 8,000 units of work-in-process inventory in Department M on March 1, 1991, which were 50% complete as to conversion costs. Direct materials are introduced at the beginning of the process. During March 17,000 units were started, 18,000 units were completed and there were 2,000 units of normal spoilage. Milton & Company had 5,000 units of the work-in-process inventory at March 31, 1991, which were 60% complete as to conversion costs. Under milton’s cost accounting system, spoiled units reduce the number of units over which total cost can be spread. Using the weighted average method, calculate the equivalent units for the March for conversion costs.

Explanation:

Is this gonna be a good answer or wrong??