Question

Betty DeRose, Inc. operates two departments, the handling department and
the packaging department. During April, the handling department reported
the following information:

                                           % complete      % complete
                                units         DM           conversion 
work in process, April 1        18,000        38%             71%
units started during April      80,000
work in process, April 30       44,000        28%             74%

The cost of beginning work in process and the costs added during April
were as follows:

                                 DM         Conversion       Total cost
work in process, April 1      $ 64,996       $152,785         $217,781
costs added during April       190,336        232,407          422,743
total costs                    255,332        385,192          640,524

Calculate the cost of goods completed and transferred out during April
using the weighted average process costing method.

Answer 1

Equivalent Units of Production
	Materials	Conversion
Units transferred to next department	54000	54000
Ending Work in Process :
Materials    (44000*28%)	12320
Conversion (44000*74%)		32560
Equivalent Units of Production	66320	86560
Cost per Equivalent unit
	Materials	Conversion
Cost of beginning Work in process	$          64,996	$     1,52,785
Cost added during the period	$       1,90,336	$     2,32,407
Total Cost	$       2,55,332	$     3,85,192
Equivalent Units of Production	66320	86560
Cost per Equivalent unit	$              3.85	$             4.45
Assign Costs
	Materials	Conversion	Total
Ending Work in Process :
Equivalent Units of Production	12320	32560
Cost per Equivalent unit	$              3.85	$             4.45
Cost of Ending Work in Process	$          47,432	$     1,44,892	$       1,92,324
Units Completed and transferred out
Units transferred to next department	54000	54000
Cost per Equivalent unit	$              3.85	$             4.45
Cost of units transferred out	$       2,07,900	$     2,40,300	$       4,48,200