Great Pasta Company manufactures a single product that goes through two processes-moxing and cooking. The following data pertains to the Mixing Department for September Work-in-process Inventory September 1 Conversion complete Work-in-process inventory September 38 Conversion complete Units started into production in September Units completed and transferred out Costs Work-in-process inventory September 1 Material P Material Q Conversion Costs added in September Material P Material Q Conversion 31,000 units 70% 19,000 units 50% 87,000 ? units $ 146,000 134,000 146,000 $ 219,000 200,000 430,800 Material P is added at the beginning of work in the Mixing Department. Material Q is also added in the Mixing Department, but not until units of product are forty percent completed with regard to conversion. Conversion costs are incurred uniformly during the process. Cost per equivalent unit for Material P under the weighted average method is calculated to be:

Great Pasta Company manufactures a single product that goes through two processes-moxing and cooking. The following data pertains to the Mixing Department for September Work-in-process Inventory September 1 Conversion complete Work-in-process inventory September 38 Conversion complete Units started into production in September Units completed and transferred out Costs Work-in-process inventory September 1 Material P Material Q Conversion Costs added in September Material P Material Q Conversion 31,000 units 70% 19,000 units 50% 87,000 ? units $ 146,000 134,000 146,000 $ 219,000 200,000 430,800 Material P is added at the beginning of work in the Mixing Department. Material Q is also added in the Mixing Department, but not until units of product are forty percent completed with regard to conversion. Conversion costs are incurred uniformly during the process. Cost per equivalent unit for Material P under the weighted average method is calculated to be:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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