Determine the number of equivalent units

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Reference no: EM132212944

Question: Lake Surf Company uses an automated process to clean and polish its merchandise items. For March 2017, the company conducted the following activities: Units Beginning work in process inventory 3,000 Items [Direct material - 100%] [Conversion costs - 25%] Units placed in production 12,000 units Unites Completed 9,000 units Ending work in process inventory 5,000 units [Direct material - 100%] [Conversion costs - 60%] Costs Cost of beginning work in process Direct materials $ 2,100 Conversion costs $ 485 $ 2,585 Direct material costs, current $ 9,000 Conversion costs, current $ 10,045

Required: Using the weighted average method, determine the following:

1a. the number of equivalent units

1b. cost per equivalent unit

1c. ending work in process inventory

1d. cost of normal and abnormal spoilage

1e. cost of goods completed and transferred out during March, 2017

Reference no: EM132212944

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