Homework Answers
| Weighted average cost | |||
| Beginning units | 670 | Completed units | 3,760 |
| Started intro production | 4100 | Ending units | 1,010 |
| Units accounted for | 4770 | 4770 | |
| Equivalent units | Material | Conversion cost | |
| Units transferred A | 3760 | 3760 | |
| Ending Units | 1,010 | 1,010 | |
| Completion | 100% | 50% | |
| B | 1010 | 505 | |
| Equivalent units of production | 4770 | 4265 |
a. 3760 Units
b. 4770 Units
c. 4265 Units
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Prepare the production department’s equivalent units of
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A production department in a process manufacturing system
completed its work on 92,000 units of product and transferred them
to the next department during a recent period. Of these units,
27,600 were in process at the beginning of the period. The other
64,400 units were started and completed during the period. At
period-end, 16,600 units were in process.
Prepare the production department’s equivalent units of
production for direct materials under each of three separate
assumptions using the weighted-average method for...
Costs Units 40,000 $ 42,000 97,000 $ 139,000 66,000 Beginning work in process (26% complete) Direct materials Conversion cost Total cost of beginning work in process Number of units started Number of units completed and transferred to finished goods Ending work in process (52% complete) Current period costs Direct materials Conversion cost Total current period costs 88,000 $ 99,000 148,000 $ 247,000 Required: 1 & 2. Using the weighted average method of process costing, complete each of the following steps:...
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