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Sellers Company produces potato chips in a single processing department and has a process costing...

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Accounting

Sellers Company produces potato chips in a single processing department and has a process costing system in which it uses the weighted-average method. The company sold 250,000 units in the month of January. Data concerning inventories follow:

Inventory at January 1: Units Work in process None Finished goods 75,000 Inventory at January 31: Work in process (conversion 75% complete) 16,000 Finished goods 60,000 What were the equivalent units for conversion costs for January?

Group of answer choices

251,000

253,000

247,000

235,000

Answer & Explanation Solved by verified expert
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