Jacobson Manufacturing Company makes a single product in a single process and uses weighted average process costing. All material is added at the start of the process. The following information is available for March production:
| |
Units |
| Beginning Work in Process (30% complete with respect to labor) |
12,000 |
| Plus: Units Started |
120,000 |
| Total to Account For |
132,000 |
| Less: Ending Work in Process (70% complete with respect to labor) |
15,000 |
| Units Completed |
117,000 |
The following costs are available for March:
| Material |
Conversion Cost |
Total Cost |
| Beginning Work in Process |
$7,200 |
$1,332 |
$8,532 |
| Current Cost |
70,680 |
47,118 |
117,798 |
| Total Cost |
$77,880 |
$48,450 |
$126,330 |
What are the equivalent units for conversion costs?