Weighted average method in its process costing system. units % complete for conversion beginning work in process inventory 5,000 50% transferred from prior department 76,000 ending work in process inventory 2,400 70% what were the equivalent units for conversion costs in the department for the month?

The equivalent units for conversion costs in the department for the month is  80,280 units

Explanation:

The computation of the equivalent units for conversion costs is shown below:

= Units started and completed × percentage of completion + ending work in progress units × percentage of completion

where,

Units started and completed = Beginning work in process inventory units + transferred units - ending work in process inventory units

= 5,000 units + 76,000 units - 2,400 units

= 78,600 units

The other items values would remain the same

Now put these values to the above formula  

So, the value would equal to

= 78,600 units × 100 + 2,400 × 70%

= 78,600 units + 1,680 units

= 80,280 units

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