Question

Required information Use the following information for the Quick Study below. [The following information applies to the questions displayed below.) Zia Co. makes flowerpots from recycled plastic in two departments, molding and packaging. At the beginning of the month, the molding department has 3,900 units in inventory, 70% complete as to materials. During the month, the molding department started 27,500 units. At the end of the month, the molding department had 5,850 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 $ 3,100 46,900 QS 16-19 Weighted average: Assigning costs to output LO C3 Using the weighted average method, assign direct materials costs to the molding department's output-specifically, the units transferred out to the packaging department and the units that remain in process in the molding department at month-end. (Do not round intermediate calculations.) Weighted Average Method Direct Materials Costs of units transferred out Direct materials Costs of ending work in process Direct materials Total costs assigned

Answer 1

1 2 3 Units completed and transerred 4 Ending work in process 5 Equivalent units for materials 25550 4680 30230 6 7 Beginning work in process inventory 8 Direct materials added during month 9 Total materials cost 10 Divide by Equivalent units for materials 11 Cost per Equivalent unit for materials 3100 46900 500001 302301 1.65401 12 14 13 Weighted Average method Direct materials 15 Cost of units transferred out 16 Direct materials 42259 17 Cost of Ending work in process 18 Direct materials 7741 19 Total cost assigned 50000 20

A. в 3 Units completed and transerred 4 Ending work in process 5 Equivalent units for materials =3900+27500-5850 =5850*80% =B3+B4 6 7 Beginning work in process inventory [3100 8 Direct materials added during month $46900 9 Total materials cost =B8+B7 10 Divide by Equivalent units for materials l=B5 11 Cost per Equivalent unit for materials =B9/B10 12 13 Weighted Average method 14 Direct materials 15 Cost of units transferred out 16 Direct materials =B3*B11 17 Cost of Ending work in process 18 Direct materials =B4*B11 19 Total cost assigned =B16+B18 20 21