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Managerial Accounting
Check my work Weston Products manufactures an industrial cleaning compound that goes through three processing departments Gri
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Answer #1
Work in Process, Beginning 70000
Add: Pounds started during May 341000
Less: Ending inventory -121000
Units completed and transferred out 290000
1
Materials Conversion
Units completed and transferred out 290000 290000
Work in process, ending:
121000 X 100% 121000
121000 X 60% 72600
Equivalent units of production 411000 362600
2
Materials Conversion
Work in process, May 1 142100 86100
Cost added during May 757990 403410
Total costs 900090 489510
Divide by Equivalent units of production 411000 362600
Cost per Equivalent unit 2.19 1.35
3
Materials Conversion Total
Work in process, ending units 121000 72600
X Cost per Equivalent unit 2.19 1.35
Cost of ending work in process inventory 264990 98010 363000
4
Materials Conversion Total
Units completed and transferred out 290000 290000
X Cost per Equivalent unit 2.19 1.35
Cost of Units completed and transferred out 635100 391500 1026600
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