Question

NEED-TO-KNOW 16-5 COMPREHENSIVE 1 Woighted Average Mothod Pennsylvania Company produces a product that passes through two processes: grinding and mixing. Information related to its grinding department manufacturing activities for July follows. The company uses the weighted average method of process costing Grinding Department Raw Materials Beginning inventory Raw materials purchased on credit Direct materials used Indirect materials used Ending inventory $ 100.000 211.400 (190.000) _(51.400) $ 70,000 Factory Payroll Direct labor incurred Indirect labor incurred Total payroll $ 55.500 50.625 $ 106,125 Factory Overhead Indirect materials used Indirect labor used Other overhead costs Total factory overhead incurred $ 51,400 50.625 71.725 $ 173.750 Factory Overhead Applied Overhead applied (200% of direct labor) $111.000 100% 70% Grinding Department Beginning work in process inventory (units) Percentage completed—Materials Percentage completed—Conversion Beginning work in process inventory (costs) Direct materials used Direct labor incurred Overhead applied (200% of direct labor) Total costs of beginning work in process $20.000 9,600 19.200 $ 48,800 Units started this period Units transferred to mixing this period 20.000 17,000 Ending work in process inventory (units) Percentage completed—Materials Percentage completed— Conversion 8,000 100% 20%

If someone can explain to me how to get the numbers above that would be great, I do not need help much on just the answers but more of how to get the answers. Everything must be done in Weighted- Average Method.

Thank you

Answer 1

Note :

Diseck materials Conversion cost chalged to Production Refer Cost per se (cost of beginning will E lost in cuphet sich the period & 2,000 $ 190,000 af foo $ 166,500 $ 195,300 18,600. Units Clotal cost $ 210,000 25000 unit) Epu sefel que valent units of production torul (of pи cpu $210000 + 2000 - 84 pofunut. $195,300 +1860- = k lоѕѕ rеfund- est Assignment of Reconciliation: (os Vanstessed out (cost of good manuf) Direct mardial (17000 X8.4) conversion (17000 x 10.5) $ 176,500 #7400676 142, foot 178,50 $142, foo $321,300 67200 16.500 cost of Ending wil Desest material (800 x 8.4) Conversion (1600x8 10.5) $67,200 $ 16, foo $84.000 Total cost accounted for $405,300

• Conversion cost = Direct labour incurred + Overhead applied.
• Epu means number of units adjusted by percentage of completion
• cost of goods transferred out means number of units completed multiplied by cost per EPU
• hope none of other things u won’t find difficulties., if u need specific clarification put a chat,Thank u.
  Cost of Opening wip ( Winding repost mont Good Chalged to production. Disect Material - $ 20,000 (queen. Undy o Convesson colt o what thest mat Difect kahous incursed & oues head applied - 9600 + $ 19,200 $28, goo Cost inculped so te pelod. 55,500 t X 4 Direct Materiat - $ 190,000. (queen). Concession cost $ 55,500 + $ 111,000 - $ 166,500. Direct labous (factos spaghett) + factory oudshead cappal information Hope u do not need any clasification in this segard, be given Just copy paste as it is Unit All Guivalent this of production. Persect Materal 17000 (qiuen) connession 17,000. units completed of transferred out (100%) Units in the eveling wil Direet maksial (hoo x 100%) conuestson (fooo x 20%) foco 1600 only 20 / Il completed. 25000 et 18,600 (pu