Weighted-Average Method Arsenio Company manufactures a single product that goes through tw...

Weighted-Average Method Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August:

Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until product units are 60% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method.

Required

1. Calculate equivalent units of material X, material Y, and conversion for the mixing department.

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2. Calculate costs per equivalent unit for material X, material Y, and conversion.

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3. Calculate the cost of units transferred out.

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4. Calculate the cost of ending work-in-process inventory.