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# Solex Company produces a high-quality insulation material that passes through two production processes. Data for June for the first process follow:

 Solex Company produces a high-quality insulation material that passes through two production processes. Data for June for the first process follow:

 Units Completionwith Respectto Materials Completionwith Respectto Conversion Work in process inventory, June 1 52,000 75 % 40 % Work in process inventory, June 30 32,000 50 % 25 % Materials cost in work in process inventory, June 1 \$ 45,500 Conversion cost in work in process inventory, June 1 \$ 12,100 Units started into production 246,000 Units transferred to the next process 266,000 Materials cost added during June \$ 309,820 Conversion cost added during June \$ 174,220

 Required:
 1 Assume that the company uses the weighted-average method of accounting for units and costs. Determine the equivalent units for June for the first process.

 Materials Conversion Equivalent units of production

 2 Compute the costs per equivalent unit for June for the first process.(Round your answers to 2 decimal places.)

 Materials Conversion Cost per equivalent unit \$ \$

 3 Determine the total cost of ending work in process inventory and the total cost of units transferred to the next process in June. (Round your intermediate calculations to 2 decimal places. Round your final answer to whole dollar amount.)

 Total Cost of ending work in process inventory \$ Cost of units transferred to the next process \$

Total Material Conversion Units transferred out 266000 266000 266000 Ending WIP 32000 16000 8000 (50% of 32000) (25% of... View the full answer

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