Question

Check my work Problem 4-14 Analysis of Work in Process T-account-Weighted Average Method [LO4-1, LO4-2, L04-3, LO4-4) points Skipped Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding. Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T- account for the Grinding Department for May is given below: eBook Work in Process-Grinding Department Print References Completed and transferred to the Mixing Department Inventory, May 1 Materials Conversion 174,720 465,510 217,470 Inventory, May 31 ?

Answer 1

Work in progress-Grinding department Transferred to the Inventory, May - 1 174720||mixing department | $688,600.00 Materials 465510 Conversion 217470 857700 Inventory, May -31 $169,100.00

Caluclation of Equivalent Units Statement of equivalent units of production Material Cost Particulars Input Units Particulars Output Units Percentage Of Completion Conversion Equivalent Percentage Of Equivalent Units Completion Units C=A*B E=A*D 313,000 100% 313,000 B D 313,000 100% Opening work in progress Units Introduced 91,000 Units Completed 311,000 Closing work in progress 89,000 100% 89,000 60% 53,400 402,000 Total 402,000 402,000 366,400 Add Less: Opening work in progress Units Introduced Closing work in progress Units Completed 91,000 311,000 89.000 313,000 Materials Conversion Particulars Equivalent units 402,000 366,400 Materials Particulars Opening Work in progress A Costs added during the year B Total costs C=A+B Equivalent units D Cost per equivalent unit C/D $ S Conversion 117.390 || $ 465,510 || $ 582,900 Ils 402,000 1.45 || S 57,330 217,470 274,800 366,400 0.75

Caluclation of Equivalent Units Statement of equivalent units of production Material Cost Particulars Input Units Particulars Output Units Percentage Of Completion Conversion Equivalent Percentage Of Equivalent Units Completion Units C=A*B E=A*D 313,000 100% 313,000 B D 313,000 100% Opening work in progress Units Introduced 91,000 Units Completed 311,000 Closing work in progress 89,000 100% 89,000 60% 53,400 402,000 Total 402,000 402,000 366,400 Add Less: Opening work in progress Units Introduced Closing work in progress Units Completed 91,000 311,000 89.000 313,000 Materials Conversion Particulars Equivalent units 402,000 366,400 Materials Particulars Opening Work in progress A Costs added during the year B Total costs C=A+B Equivalent units D Cost per equivalent unit C/D $ S Conversion 117.390 || $ 465,510 || $ 582,900 Ils 402,000 1.45 || S 57,330 217,470 274,800 366,400 0.75