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