The company uses the weighted-average cost method in its process costing system. The ending inventory is 50 % complete with respect to conversion costs.
Required:
i. Compute the equivalent units of production and the cost per equivalent units for materials and for conversion costs.
ii. Determine the cost transferred to finished goods.
iii. Determine the amount of cost that should be assigned to the ending work in process inventory. 4. Question:( TCO F) Weisinger Corporation has provided the following data for the month of January: Inventories Beginning Ending Raw materials $ 28,000 $ 29,000 Work In process $ 16,000 $ 14,000 Finished goods $ 42,000 $ 54,000 Additional Information Raw material purchases $ 56,000 Direct labor costs $ 87,000 Manufacturing overhead cost incurred $ 51,000