The Mixing Department beginning work in process of 300 units is 40% complete as to both direct materials and conversion costs. Round equivalent unit of production inventory management methods costs to four decimal places. Calculate the equivalent units of production with respect to materials during the month of March using the weighted average method.

Beginning WIP

The production manager is told to push his employees to get as far as possible with production, thereby increasing the percentage of completion for ending WIP inventory. However, since the production process takes three weeks to complete, all the units produced in the last half of March will be in WIP inventory at the end of March. Material is added at the beginning of the process, and conversion costs are incurred evenly throughout the process. The following information summarizes the activities in the Mixing Department for the month of March.

• The following information summarizes the activities in the Mixing Department for the month of March.
• The production manager is told to push his employees to get as far as possible with production, thereby increasing the percentage of completion for ending WIP inventory.
• The Mixing Department beginning work in process of 300 units is 40% complete as to both direct materials and conversion costs.
• Calculate the equivalent units of production with respect to materials during the month of March using the weighted average method.
• Round equivalent unit of production costs to four decimal places.
• However, since the production process takes three weeks to complete, all the units produced in the last half of March will be in WIP inventory at the end of March.

(a) Work in process – Mixing Department $64,000

Conversion Costs