Question

Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments

Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was $40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments.

The second department (Polishing) had the following physical flow schedule for December:

Units to account for:
Units, beginning work in process	4,000	(40% complete)
Units started	?
Total units to account for	?
Units accounted for:
Units, ending work in process	8,000	(50% complete)
Units completed	?
Units accounted for	?

Costs in beginning work in process for the Polishing Department were direct materials, $5,000; conversion costs, $6,000; and transferred in, $8,000. Costs added during the month: direct materials, $32,000; conversion costs, $48,000; and transferred in, $40,000.

Required:

1. Assuming the use of the weighted average method, prepare a schedule of equivalent units. Enter percentages as whole numbers.

Fordman Company
Schedule of Equivalent Units
For the month of December

	Direct Materials	Conversion Costs	Transferred In
Total equivalent unitsUnits completedUnits completed	Units completed	Units completed	Units completed
Ending WIP:
fill in the blank 3df67106af8907e_5 x fill in the blank 3df67106af8907e_6 %	fill in the blank 3df67106af8907e_7	fill in the blank 3df67106af8907e_8
fill in the blank 3df67106af8907e_9 x fill in the blank 3df67106af8907e_10 %			fill in the blank 3df67106af8907e_11
Total equivalent unitsUnits completedTotal equivalent units	Total equivalent units	Total equivalent units	Total equivalent units

2. Compute the unit cost for the month. If required, round your answer to the nearest cent.
$fill in the blank c211cbfaffdef94_1 per equivalent unit