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How compute the equivalent units of production for materials

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Reference no: EM132659478

Barsoux Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.

Work in process, beginning:

Units in process.....................................................

Percent complete with respect to materials.............

Percent complete with respect to conversion..........

Costs in the beginning inventory:

100 70% 80%

Materials cost.........................................................

5525

Conversion cost.....................................................

$1,696

Units started into production during the month..........

11,000

Units completed and transferred out.............................

10.700

Costs added to production during the month:

 

Materials cost...........................................................

583.405

Conversion cost........................................................

S223.606

Work in process, ending:

 

Units in process..........................................

400

Percent complete with respect to materials...........

50%

Percent complete with respect to conversion.....

20%

Using the weighted-average method:

Question a. Determine the equivalent units of production for materials and conversion costs.

Question b. Determine the cost per equivalent unit for materials and conversion costs.

Question c. Determine the cost of units transferred out of the department during the month.

Question d. Determine the cost of ending work in process inventory in the department.

Reference no: EM132659478

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