Question

Required information The following information applies to the questions displayed below The Plastic Flowerpots Company has two manufacturing departments, molding and packaging. At the beginning of the month, the molding department has 3700 units in inventory, 70% complete as to materials. During the month, the molding department started 26,500 units. At the end of the month, the molding department had 5,550 units in ending inventory, 80% complete as to materials. Units completed in the molding department are transferred into the packaging department. Cost information for the molding department for the month follows Beginning work in process inventory (direct materials) Direct materials added during the month $ 2,900 44,900 Using the weighted-average method, compute the molding department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (Round "cost per equivalent unit of production" to 2 decimal places. Direct Materials (a) Equivalent units of production (b) Cost per equivalent unit of production

Answer 1

a
	Direct materials
Units completed and transferred out	24650	=3700+26500-5550
Units in ending work in process inventory	4440	=5550*80%
Equivalent units of production	29090
b
Total direct materials cost	47800	=2900+44900
Divide by Equivalent units of production	29090
Cost per Equivalent units of production	1.64
c
	Direct materials
Cost of units transferred out
Direct materials	40504	=24650*1.64
Costs of ending work in process
Direct materials	7296	=4440*1.64
Total costs assigned	47800