Question

The Finishing Department reports the following data for the month: (Click the icon to review the data.) Calculate the cost per equivalent units of production for each input. The company uses the weighted average method. (Round all cost per unit amounts to the nearest cent.) Data Table Equivalent Units of Production: Transferred In 2,700 2,700 Direct Materials Conversion Costs 1,620 Costs: Beginning WIP Added this Month Total Transferred In 8,000 $ 8,200 $ Direct Materials 3,650 1,555 1,075 11,000 16,200 4,725 12,555 Conversion Costs 13,205 $ 20,275 $ 33,480 Total Print Done - IHL la besteht

Answer 1

Solution

COSTS	Transferred In	Direct Material	Conversion costs	Total Costs
Costs to be accounted for:
Beginning Work in process cost (A)	$       8,000.00	$ 3,650.00	$       1,555.00	$ 13,205.00
Cost added during the month (B)	$       8,200.00	$ 1,075.00	$     11,000.00	$ 20,275.00
Total cost to account for (C= A+B)	$     16,200.00	$ 4,725.00	$     12,555.00	$ 33,480.00
Equivalent units (D)	2700	2700	1620
Cost per Equivalent unit (E=C/D)	$                6.00	$          1.75	$                7.75