Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is...

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Paceheco Corporation uses the weighted average method in its process costing system. The Molding Department is the second dep

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Answer 1

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Particulars	Equivalent units
Units completed and transferred out (57750 * 100%)	$ 57750
Closing WIP Inventory (8250 * 40%)	$ 3300
Total Equivalent units	$ 61050

Calcuation of cost per equivalent Units:
Particulars	Amounts
Conversion cost - Beginning WIP Inventory	$ 35508
Add: Cost incurred during period	$ 560204
Total Conversion Cost	$ 595712
Total Equivalent Units	$ 61050
Cost per Equivalent Units	$ 9.758

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