Cassien Inc manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: Units completed Units in EWIP X Fraction complete (36.000 x 60%) Equivalent units of output June's costs to account for are as follows: DWIP (10,000 units, 80% complete) Materials Conversion costs Total Required: 81,000 21,600 102,600 $50,000 122,000 69,000 $241,000 L. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent. perunt 2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transfered out. If required, round unit cost to the nearest cent in intermediate calculations and final answers to the nearest dolla Cost of ending work in process
Cassien Inc manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method: Units completed Units in EWIP X Fraction complete (36.000 x 60%) Equivalent units of output June's costs to account for are as follows: DWIP (10,000 units, 80% complete) Materials Conversion costs Total Required: 81,000 21,600 102,600 $50,000 122,000 69,000 $241,000 L. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent. perunt 2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transfered out. If required, round unit cost to the nearest cent in intermediate calculations and final answers to the nearest dolla Cost of ending work in process
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Weighted Average Method, Unit Cost, Valuing Inventories
Cassien Inc. manufactures products that pass through two or more processes. During June, equivalent units were computed using the weighted average method:
Units completed
Units in EWIP X Fraction complete (36,000 x 60%)
Equivalent units of output
June's costs to account for are as follows:
DWIP (10,000 units, 80% complete)
$1,000
21,600
102,600
$50,000
122,000
69,000
$241,000
Conversion costs
Total
Required:
1. Calculate the unit cost for June using the weighted average method. Round your answer to the nearest cent.
per unit
2. Using the weighted average method, determine the cost of EWIP and the cost of the goods transferred out. If required, round unit cost to the nearest cent in intermediate calculations and final answers to the nearest dolla
Cost of ending work in process
Cost of the goods transferred out
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