A company uses the welghted-average method in Its process costing system. The following Information is for the first department (Department A) for the month. Percent Completed Materials 70% Units Conversion work in process, beginning started into production Completed and transferred out Work in process, ending 40% 72,e00 358,500 348,500 82, e00 75% 25% Work in process, beginning Cost added during June Materials Conversion $ 26,900 $ 288,800 $ 200,930 %24 9,400

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### Weighted-Average Method in Process Costing System

A company utilizes the weighted-average method in its process costing system for Department A throughout the month. The provided information pertains to the first department's (Department A) activities.

#### Table: Production Data

| Phase                      | Units | Percent Completed |
| -------------------------- | ----- | ----------------- |
|                            |       | Materials         | Conversion |
| Work in process, beginning | 72,000| 70%               | 40%        |
| Started into production    | 358,500|                   |            |
| Completed and transferred out | 348,500 |             |            |
| Work in process, ending    | 82,000 | 75%              | 25%        |

#### Table: Cost Data

| Category                      | Materials | Conversion |
| ----------------------------- | --------- | ---------- |
| Work in process, beginning    | $26,900   | $9,400     |
| Cost added during June        | $288,800  | $200,930   |

### Required Calculations:

1. **Calculate Department A's equivalent units of production for materials and conversion.**
2. **Calculate Department A's cost per equivalent unit for materials and conversion.**
3. **Calculate Department A's cost of ending work in process inventory.**
4. **Calculate Department A's cost of units transferred out to Department B.**

To address the aforementioned requirements, input your answers in the provided tabs below.

#### Instructions

Complete this question by entering your answers in the tabs provided.

- **Tab 1: Required 1**
  Calculate the Blending Department's equivalent units of production for materials and conversion in June.
- **Tab 2: Required 2**
- **Tab 3: Required 3**
- **Tab 4: Required 4**

**Equivalent units of production:**

| Category      | Materials | Conversion |
| ------------- | --------- | ---------- |
| Equivalent units of production | | |

---

By understanding and completing these steps, one can accurately determine the costs associated with materials and conversion in a weighted-average process costing system.
Transcribed Image Text:### Weighted-Average Method in Process Costing System A company utilizes the weighted-average method in its process costing system for Department A throughout the month. The provided information pertains to the first department's (Department A) activities. #### Table: Production Data | Phase | Units | Percent Completed | | -------------------------- | ----- | ----------------- | | | | Materials | Conversion | | Work in process, beginning | 72,000| 70% | 40% | | Started into production | 358,500| | | | Completed and transferred out | 348,500 | | | | Work in process, ending | 82,000 | 75% | 25% | #### Table: Cost Data | Category | Materials | Conversion | | ----------------------------- | --------- | ---------- | | Work in process, beginning | $26,900 | $9,400 | | Cost added during June | $288,800 | $200,930 | ### Required Calculations: 1. **Calculate Department A's equivalent units of production for materials and conversion.** 2. **Calculate Department A's cost per equivalent unit for materials and conversion.** 3. **Calculate Department A's cost of ending work in process inventory.** 4. **Calculate Department A's cost of units transferred out to Department B.** To address the aforementioned requirements, input your answers in the provided tabs below. #### Instructions Complete this question by entering your answers in the tabs provided. - **Tab 1: Required 1** Calculate the Blending Department's equivalent units of production for materials and conversion in June. - **Tab 2: Required 2** - **Tab 3: Required 3** - **Tab 4: Required 4** **Equivalent units of production:** | Category | Materials | Conversion | | ------------- | --------- | ---------- | | Equivalent units of production | | | --- By understanding and completing these steps, one can accurately determine the costs associated with materials and conversion in a weighted-average process costing system.
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