Zink company uses the weighted average method for process costing. the cost per equivalent unit for direct materials is $5.00. the cost per equivalent unit for conversion cost is $3.00. the company completed and transferred out is 40,000 units. the equivalent units of ending work-in-process for materials is an additional 3,000 units, for conversion is an additional 2,000 units. what is the total cost accounting for conversion?

Total accounting cost of the period or conversion: $126,000

Explanation:

Cost per EUP Conversion: $3.00

Units Completed and transferred: 40,000

Ending WIP Conversion: 2,000

Equivalent Units of Production (EUP): Completed Units + Ending WIP Units

EUP Conversion = 40,000 + 2,000 = 42,000

Cost per Equivalent Unit: Cost of Unit x EUP  

Cost per EUP Conversion = 42,000 x $3,000 = $126,000

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