The Finishing Department reports the following data for the month:View the dataCalculate the cost per equivalent units of production for each input. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent.) Equivalent Units of Production:Transferred In3,100Direct MaterialsConversion Costs3,4002,380Costs:Beginning WIPAdded this MonthTotalTransferred In$7,300 $13,625 $20,925Direct Materials3,4508,45011,900Conversion Costs5,20518,00023,205$15,955 $40,075 $56,030Total

Equivalent Units of Production: Transferred In 3,100 Direct Materials Conversion Costs 3,400 2,380 Costs: Beginning WIP Added this Month Total Transferred In $ 7,300 $ 13,625 $ 20,925 Direct Materials 3,450 8,450 11,900 Conversion Costs 5,205 18,000 23,205 $ 15,955 $ 40,075 $ 56,030 Total

Equivalent Units of Production: Transferred In 3,100 Direct Materials Conversion Costs 3,400 2,380 Costs: Beginning WIP Added this Month Total Transferred In $ 7,300 $ 13,625 $ 20,925 Direct Materials 3,450 8,450 11,900 Conversion Costs 5,205 18,000 23,205 $ 15,955 $ 40,075 $ 56,030 Total

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter5: Process Costing

Section: Chapter Questions

Problem 14EA: A production department within a company received materials of $10,000 and conversion costs of...

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Question

The Finishing Department reports the following data for the month: View the data Calculate the cost per equivalent units of production for each input. The company uses the weighted-average method. (Round all cost per unit amounts to the nearest cent.)

Equivalent Units of Production:
Transferred In
3,100
Direct Materials
Conversion Costs
3,400
2,380
Costs:
Beginning WIP
Added this Month
Total
Transferred In
$
7,300 $
13,625 $
20,925
Direct Materials
3,450
8,450
11,900
Conversion Costs
5,205
18,000
23,205
$
15,955 $
40,075 $
56,030
Total

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