Question

Question 13 (7 points)

Dorchester Company, on March 1, 2019 has a beginning Work in Process inventory of zero. All materials are added into production at the beginning of its production. There is only one production WIP inventory. On March 1, Dorchester started into production 18,500 units. At the end of the month there were 10,000 units completed and transferred into the Finished Goods Inventory. The ending WIP was 45% complete with respect to conversion. For the month of March the following costs were incurred and recorded in the WIP:

            Direct Material                      $21,000

            Direct Labor 12,000

            Factory Overhead 15,000

Dorchester uses the weighted-average process costing method. Use this information to determine the cost per equivalent unit of conversion for the month of March: (Round & enter final answers to the nearest cent.)

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Question 13 options:

Answer

Answer 1

Please hit LIKE button if this helped. Quantities Equivalent Units Whole Units Materials Conversion Cost Units to be account for Work in Process, Beginning add:Started into production -Total Units 18,500 18,500 10,000 Units accounted for Transferred out Work in Process, Ending Equivalent Units-Weighted Average 8,500*100% and 45% 8,500 18,500 10,000 8,500 18,500 10,000 3,825 13,825 Cost Work in Process, Beginning add:Started into production Total Cost to account for Equivalent Units Cost per Equivalent Unit Convsersion Cost $ $ 27,000 $ 27,000 13,825 1.95