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Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information forDirect materials $550,000 Conversion costs 184,000 Total current costs $734,000 Required: 1. Calculate the unit cost for DeceBWIP $ 80,000 Current (December) 734,000 Total $ 814,000 3. What if you were asked to show that the weighted average unit cos

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Answer #1
Computation of Weighted average unit material cost using weighted defined proportion of total units completed from each source
Weighted Average Unit Material Cost = (BWIP Unit Cost* BWIP units + Current output Unit Cost* Current output units)/(BWIP Units +Current Output Units)
=($6.6*10000+$12.22*45000)/(10000+45000) = $11.2 per unit
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