51 - .................. $1.38 $0.74 3. Materials Conversion...

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Exercise 4-18  (30 minutes) Weighted-Average Method 1. Materials Conversion Units transferred to the next process . .............. 300,000 300,000 Ending work in process: Materials: 40,000 units × 50% complete . ...... 20,000 Conversion: 40,000 units × 25% complete . ... 10,000 Equivalent units of production . ........................ 320,000 310,000 2. Materials Conversion Cost of beginning work in process . ................. $ 56,600 $ 14,900 Cost added during the period . ........................ 385,000 214,500 Total cost (a) . ............................................... $441,600 $229,400 Equivalent units of production (b). .................. 320,000 310,000 Cost per equivalent unit (a) ÷ (b).
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Unformatted text preview: .................. $1.38 $0.74 3. Materials Conversion Total Ending work in process inventory: Equivalent units of production (see above) . ....................... 20,000 10,000 Cost per equivalent unit (see above) . .............................. $1.38 $0.74 Cost of ending work in process inventory. ........................... $27,600 $7,400 $35,000 Units completed and transferred out: Units transferred to the next department . ....................... 300,000 300,000 Cost per equivalent unit (see previous exercise). ....... $1.38 $0.74 Cost of units completed and transferred out . .................. $414,000 $222,000 $636,000...
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