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Work in Process-Grinding Department Completed and transferred to the Mixing Department ? Inventory, May 1 Materials Conversio

Cost per equivalent unit $ 1.45 $ 0.75 3. Determine the cost of the units completed and transferred to the Mixing Department

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Answer #1
Weighted average method :
Beginning work in process units 91000
(+) Units started during May 311000
(-) Ending work in process units 89000
Units completed and transferred out 313000
Materials Conversion
Units completed and transferred out 313000 313000
(+) Equivalent ending work in process [ Ending work in process units * % Completion ] 89000 53400
Equivalent units of production 402000 366400
Materials Conversion
Beginning work in process cost 117390 57330
(+) Cost added during May 465510 217470
Total cost 582900 274800
(/) Equivalent units of production 402000 366400
Cost per equivalent unit 1.45 0.75
Materials Conversion Total
Cost of units completed and transferred out [ Units completed and transferred out * Cost per equivalent unit ] 453850 234750 688600
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