Question

The Matsui Lubricants plant uses the weighted-average method to account for its work-in-process inventories. The accounting records show the following information for a particular day:

 

    Beginning WIP inventory   Direct materials$980 Conversion costs 287 Current period costs   Direct materials 11,170 Conversion costs 4,963 

 

Quantity information is obtained from the manufacturing records and includes the following:

 

    Beginning inventory500units(65% complete as to materials,
50% complete as to conversion)Current period units started4,100units Ending inventory1,000units(45% complete as to materials,
15% complete as to conversion)

Required information

 

Required:

(1) Compute the equivalent units for the materials and conversion cost calculations.

 

 

(2) Compute the cost per equivalent unit for direct materials and conversion costs. (Round your answers to 2 decimal places.)

9) 

Compute the cost of goods transferred out and the ending inventory using the weighted-average method. (Do not round intermediate calculations.)

 

Answer 1

adingte iven dal 1. Begining ah 500 Scted Into Roduclion ,loo 0 Nounits o whichProduction 3.600 100% i00% 3.600 3,600 Compared 6o ,0 Erdi Invenh 50 450 1,000 | 印5% | 151, Euilan uRrs 345o

Con veision Costs Toha Costs | กัฒ.eval | Convessou ,361 980 64 n Proces Stosnted ino Pioduchon Total Costs, 0 2, So,50 16,133 | 11,1 | 41963 unitS 3,00

(3 The costtered cut and Hs erdi onverby 4singナfe wenhted.ave og m chod. 3 Total Costs 4,400 Endi Matesial Cu50 CesioCi50 a10 Total Cost of 1560 inven Cost of goods anstere 5,840 C$14,400- 60)