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Harmon Company uses the weighted average method in its processcosting system. The Curing Department of Harmon Company reportedthe following information for the month of November

Work in process, beginning

Units in process, November 1

10,000

Stage of completion with respect toconversion

80%

Costs in the beginninginventory:

Materials cost

$34,500

Conversion costs

$48,600

Units started into production during the month

28,000

Units completed and transferred out

30,000

Costs added to production during the month:

Materials cost

$146,000.

Conversion cost

$194,400

Work in process, ending:

Units in process, November 30

8,000

State of completion with respect toconversion

30%

ALL MATERIALS ARE ADDED AT THE BEGINNING OF THEPROCESS

Required:

Complete the sections below.

Determine equivalent units of production

Equivalent Units

Materials

Conversion

Transferred to next department

30000

30000

Ending Work in Process:

Materials

Conversion

8000

2400

Equivalent Units of Production

38000

32400

Compute the costs per equivalent unit

Equivalent Units

Materials

Conversion

Cost of beginning work in process

34500

48600

Cost added during the period

146000

194400

Total Cost

180500

243000

Equivalent units of production

38000

32400

Cost per equivalent unit

4.75

7.50

Determine the total cost of ending work in process inventory andthe total cost of units transferred to the next process

Materials

Conversion

Total

Ending work in process inventory:

Equivalent units of production

Cost per equivalent unit

Cost of ending work in process inventory

Units completed and transferred out:

Units transferred to next department

Cost per equivalent unit

Costs of units completed & transferred out

Prepare a report that reconciles the total costs assigned to theending work in process inventory and the units transferred out withthe costs in beginning inventory and costs added during theperiod

Costs to be accounted for:

Cost of beginning work in process inventory

Costs added to production during the period

Total cost to be accounted for:

Costs accounted for as follows:

Cost of ending work in process inventory

Cost of units completed and transferred out

Total cost accounted for

I put my answers for part 1 and 2 please answers part 3and 4. Put your answers in the table please.

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Keith Leannon
Keith LeannonLv2
28 Sep 2019

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