Question

Required information The Foundational 15 L04-1, L04-2, L04-3, L04-4, L04-5) The information to the questions displayed below m Copac Com m anchures one product that goes through one processing department called Mong Alw e toduced at the of work in the Ming Department. The company the weighted average method of process cos t s Work in Process account for the Mang Department for ne flows forthcoming questions pertanto nel 20,000 Completed and transferred to the boods The network process inventory consisted of 5000 units with $16.000 in materials cost and $12.000 in conversion cost The work in process inventory was 100 complete with respect to this and 50% complete with respect to con un June 37500 units were started into production. These 30 in process inventory cost of BOOO that were 100 compete with respect to materials and complete respect to cover Foundational 4-10 10. What is the cost of ending work in process inventory for m eris? (Round your intermediate calcuintions to 2 places) - Score answer >

Answer 1

Units completed and transferred	34500	=5000+37500-8000
Ending work in process units	8000
Equivalent units for materials	42500
Total materials cost	136000	=16000+120000
Divide by Equivalent units for materials	42500
Cost per Equivalent unit for materials	3.20
10
Ending work in process units	8000
X Cost per Equivalent unit for materials	3.20
Cost of ending work in process inventory for materials	25600