answer: option c (explanation below)
compute equivalent units of production under weighted average method
Particular | material | conversion |
Units completed and transferred out |
(8100×100%) 8100 |
(8100×100%) 8100 |
Ending inventory (working note ) |
(700×90%) 630 |
(700×55%) 385 |
Total equivalent units | 8730 | 8485 |
Working note
Ending inventory = beginning inventory + units started - units completed and transferred out
= 300+8500 - 8100 = 700units
cost per Equivalent unit
Particular | material | conversion |
a) beginning cost | $3100 | $2900 |
b) cost added during the month | $110500 | $153900 |
c) total cost | $113600 | $156800 |
d) total Equivalent unit | 8730 | 8485 |
Cost per Equivalent unit | $13.0126 | $18.4796 |
Cost of ending inventory
material = 630×$13.0126 = $8197.938
conversion =385×$18.4796 = $7114.646
total cost of ending inventory = $8197.38+$7114.646 =$15312.5 or $15313
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