Outdoor Man uses the weighted-average method in its processcosting system. The following data concern the operations of thecompany's first processing department Assembly for a recent month.(Units are transferred to the WIP Polishing department uponcompletion)
Work in process, beginning:
Units inproces.................................................................800
Percent complete with respect tomaterials.........................50%
Percent complete with respect toconversion.......................20%
Costs in the beginning inventory:
Materialscost..................................................................$2,440
Conversioncost...............................................................$4,928
Units started into production during themonth........................15,000
Units completed and transferredout......................................15,600
Costs added to production during the month:
Materialscost..................................................................$96,470
Conversioncost...............................................................$476,362
Work in process, ending:
Units inprocess................................................................200
Percent complete with respect tomaterials..........................50%
Percent complete with respect toconversion........................90%
*Using the weighted-average method:
Determine the equivalent units of production formaterials
**Using the weighted-average method:
Determine the equivalent units of production forconversion
Outdoor Man uses the weighted-average method in its processcosting system. The following data concern the operations of thecompany's first processing department Assembly for a recent month.(Units are transferred to the WIP Polishing department uponcompletion)
Work in process, beginning:
Units inproces.................................................................800
Percent complete with respect tomaterials.........................50%
Percent complete with respect toconversion.......................20%
Costs in the beginning inventory:
Materialscost..................................................................$2,440
Conversioncost...............................................................$4,928
Units started into production during themonth........................15,000
Units completed and transferredout......................................15,600
Costs added to production during the month:
Materialscost..................................................................$96,470
Conversioncost...............................................................$476,362
Work in process, ending:
Units inprocess................................................................200
Percent complete with respect tomaterials..........................50%
Percent complete with respect toconversion........................90%
*Using the weighted-average method:
Determine the equivalent units of production formaterials
**Using the weighted-average method:
Determine the equivalent units of production forconversion
Related questions
Hache Corporation uses the weighted-average method in itsprocess costing system. Data concerning the first processingdepartment for the most recent month are listed below:
| Beginning work in processinventory: | ||
| Units in beginning work in processinventory | 800 | |
| Materials Costs | $ | 8,200 |
| Conversion Costs | $ | 8,000 |
| Percent complete with respect tomaterials | 50% | |
| Percent complete with respect toconversion | 35% | |
| Units started into production during the month | 5,600 | |
| Units transferred to the next department during themonth | 4,800 | |
| Materials costs added during the month | $ | 90,500 |
| Conversion costs added during the month | $ | 125,800 |
| Ending work in process inventory: | ||
| Units in ending work in processinventory | 1,600 | |
| Percent complete with respect tomaterials | 50% | |
| Percent complete with respect toconversion | 30% |
The cost of ending work in process inventory in the firstprocessing department according to the company's cost system isclosest to: (Do not round Cost per equivalentunit.)
Heller Corporation uses the weighted-average method in itsprocess costing system. Data concerning the first processingdepartment for the most recent month are listed below: |
| Beginning work inprocess inventory: | |
| Units in beginning work in processinventory | 2,000 |
| Materials costs | $14,400 |
| Conversion costs | $11,200 |
| Percent complete with respect tomaterials | 65% |
| Percent complete with respect toconversion | 30% |
| Units started intoproduction during the month | 36,800 |
| Units transferred tothe next department during the month | 33,200 |
| Materials costsadded during the month | $277,500 |
| Conversion costsadded during the month | $443,900 |
| Ending work inprocess inventory: | |
| Units in ending work in processinventory | 5,600 |
| Percent complete with respect tomaterials | 60% |
| Percent complete with respect toconversion | 25% |
| What are the equivalent unitsfor materials for the month in the first processingdepartment? |
3,360 units
33,200 units
38,800 units
36,560 units
