a) Unit transferred out = 40+190-30 = 200 Units
b) Equivalent unit of material = 200+(30*50%) = 215
Equivalent unit of conversion = 200+(30*40%) = 212
c) Cost per equivalent unit of material = (6200+42390)/215 = 226
Cost per equivalent unit of conversion = (16300+136340)/212 = 720
d) Cost of ending WIP = (15*226+12*720) = 12030
e) Cost of unit transferred out = (226+720)*200 = 189200
Header 3. Whiston Corporation uses the weighted average method in its process costing system. The following...
3. Whiston Corporation uses the weighted average method in its process costing system. The following data were taken from the records of the first processing department for a recent month. 40 60% 50% Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Costs added to production during the month: Materials cost Conversion cost Work...
3. Whiston Corporation uses the weighted average method in its process costing system. The following data were taken from the records of the first processing department for a recent month. 50% | Work in process, beginning: Units in process 40 Percent complete with respect to materials 60% Percent complete with respect to conversion Costs in the beginning inventory: Materials cost $6,200 Conversion cost $16,300 Units started into production during the month 190 Costs added to production during the month: Materials...
Sumter Corporation uses the weighted-average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: Work in process, beginning: Units in process 6,000 Percent complete with respect to materials 60 % Percent complete with respect to conversion 20 % Costs in the beginning inventory: Materials cost $ 78,200 Conversion cost $ 3,600 Units started during the month ? Units completed and transferred out during the month 70,000 Costs added...
Inacio Corporation uses the
weighted-average method in its process costing system. Data
concerning the first processing department for the most recent
month are listed below: Beginning work in process inventory: Units
in beginning work in process inventory 2,500 Materials costs $
14,600 Conversion costs $ 6,700 Percent complete with respect to
materials 75 % Percent complete with respect to conversion 20 %
Units started into production during the month 11,200 Units
transferred to the next department during the month 10,100...
Inacio Corporation uses the weighted average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during the month Conversion costs added during...
Inacio Corporation uses the weighted average method in its process costing system Data concerning the first processing department for the most recent month are listed below: 1,800 $ 13,900 $ 6,000 75 Beginning work in process inventory: Units in beginning work in process inventory Materials costs Conversion costs Percent complete with respect to materials Percent complete with respect to conversion Units started into production during the month Units transferred to the next department during the month Materials costs added during...
Avignon Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process.................................................. 900 Percent complete with respect to materials........ 90% Percent complete with respect to conversion..... 20% Costs in the beginning inventory: Materials cost..................................................... $6,768 Conversion cost.................................................. $3,186 Units started into production during the month.... 10,000 Units completed and transferred out..................... 10,100 Costs added to production during...
Anders Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in process 800 Percent complete with respect to materials 70 % Percent complete with respect to conversion 10 % Costs in the beginning inventory: Materials cost $ 1,736 Conversion cost $ 2,288 Units started into production during the month 18,000 Units completed and transferred out 18,400 Costs added...
1. The Richmond Corporation uses the weighted-average method in its process costing system. The company has only a single processing department. The company's ending work in process inventory on August 31 consisted of 21,200 units. The units in the ending work in process inventory were 100% complete with respect to materials and 60% complete with respect to labor and overhead. If the cost per equivalent unit for August was $3.55 for materials and $5.05 for labor and overhead, the total...
1. Annenbaum Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units. The costs and percentage completion of these units in beginning inventory were: Cost Percent Complete Materials costs $ 5,700 65% Conversion costs $ 6,800 45% A total of 6,500 units were started and 5,900 units were transferred to the second processing department during the month. The following costs were incurred in the first processing...