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Work in process. Jan. 1 (80% complete with respect to conversion costs)
100,000
$100,000
$157,500
Units started into production
500,000
Costs added during the year:
Materials
$650,000
Conversion
$997,500
Units completed during the year
450,000
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