Question

I have no idea how do these problems. Can you explain and show an example

pa Exercise 4-16 Process Costing: Use of Internet (LO 4-1) Use the Internet to access the website for Weyerhaeuser (www.wuju (www.internationalpaper.com), or Boise Cascade (www.boisecascade.com). Required: Skim over the information presented on the website about the company's pro operations. Then discuss why process costing is an appropriate product-costing method for this any's products and od for this company ing of the process Exercise 4-17 Equivalent Units: Weighted-Average (LO 4-1, 4-3) Rainbow Glass Company manufactures decorative glass products. The firm employs a process.co system for its manufacturing operations. All direct materials are added at the beginning of the and conversion costs are incurred uniformly throughout the process. The company's productions ule for October follows. Units Work in process on October 1 (60% complete as to conversion) Units started during October Total units to account for ...... Units from beginning work in process, which were completed and transferred out during October ...... Units started and completed during October ... Work in process on October 31 (20% complete as to conversion) Total units accounted for ...... Required: Calculate each of the following amounts using weighted average process costing, 1. Equivalent units of direct material during October. 2. Equivalent units of conversion activity during October. (CMA, adapted) Exercise 4-18 Tarraro Camanan

Answer 1

4-17) Equivalent unit under weighted average method = Unit transferred out+(Ending WIP*percent completion)

	EUP-Material	EUP-Conversion
Unit transferred out	4000	4000
Ending WIP	2000	2000*20% = 400
Total	6000	4400

1) Equivalent unit of direct material = 6000

2) Equivalent unit of conversion = 4400

4-21) Cost per equivalent unit

	Material	Conversion
Beginning WIP	37000	36750
Cost added	150000	230000
Total Cost	187000	266750
Equivalent unit	17000	48500
Cost per equivalent unit	11	5.50