1) Equivalent unit
EUP-Material | EUP-Conversion | |
Unit transferred out | 348000 | 348000 |
Ending work in process | 88000 | 61600 |
Equivalent unit | 436000 | 409600 |
2) Cost per equivalent unit
Material | Conversion | |
Beginning WIP | 221390 | 153270 |
Cost added | 585210 | 375114 |
Total cost | 806600 | 528384 |
Equivalent unit | 436000 | 409600 |
Cost per equivalent unit | 1.85 | 1.29 |
3) Cost of ending work in process
Material | Conversion | Total | |
Cost of ending work in process | 162800 | 79464 | 242264 |
4) Cost of unit transferred out
Material | Conversion | Total | |
Cost of unit transferred out | 643800 | 448920 | 1092720 |
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking....
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 374,660 Completed and transferred to the Mixing Department ? Materials 585,210 Conversion 375,114 Inventory, May 31 ? The May 1 work in process inventory consisted of 131,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 374,660 Completed and transferred to the Mixing Department ? Materials 585,210 Conversion 375,114 Inventory, May 31 ? The May 1 work in process inventory consisted of 131,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing. and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: ? Work in Process-Grinding Department Inventory, May 1 307,000 Completed and transferred to the Mixing Department Materials 709, 250 Conversion 280, 600 Inventory, May 31 The May 1 work in process inventory consisted of 100,000 pounds...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 286,200 Completed and transferred to the Mixing Department ? Materials 551,030 Conversion 331,442 Inventory, May 31 ? The May 1 work in process inventory consisted of 108,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 171,360 Completed and transferred to the Mixing Department ? Materials 405,020 Conversion 175,260 Inventory, May 31 ? The May 1 work in process inventory consisted of 102,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 188,670 Completed and transferred to the Mixing Department ? Materials 625,400 Conversion 353,320 Inventory, May 31 ? The May 1 work in process inventory consisted of 57,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 220,220 Completed and transferred to the Mixing Department ? Materials 525,610 Conversion 327,830 Inventory, May 31 ? The May 1 work in process inventory consisted of 121,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process-Grinding Department Completed and transferred Inventory, May 1 21,800 to the Mixing Department Materials 133,400 Conversion 225,500 Inventory, May 31 The May 1 work in process inventory consisted of 18,000 pounds with $14,600 in...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 491,780 Completed and transferred to the Mixing Department ? Materials 859,040 Conversion 535,175 Inventory, May 31 ? The May 1 work in process inventory consisted of 134,000 pounds with...
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Work in Process—Grinding Department Inventory, May 1 296,010 Completed and transferred to the Mixing Department ? Materials 545,190 Conversion 354,120 Inventory, May 31 ? The May 1 work in process inventory consisted of 117,000 pounds with...