Pham Corporation uses the weighted-average method in its process costing system. The following data were taken from the records of the first processing department for a recent month. Work in process, beginning: Units in process 30 Percent complete with respect to materials 60% Percent complete with respect to conversion 50% Costs in the beginning inventory: Materials cost $6,190 Conversion cost $16,290 Units started into production during the month 180 Costs added to production during the month: Materials cost $42,380 Conversion cost $136,330 Work in process, ending: Units in process220 20 Percent complete with respect to materials 50% Percent complete with respect to conversion 40% Cost per equivalent unit: Material $216 Conversion $710 Required: Enter the missing numbers, rounded to the nearest whole number. a.What was the cost of the ending work in process inventory in the department at the end of the month? Materials Conversion Total Ending work in process inventory: Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory What was the cost of the units completed and transferred to the next department during the month? Materials Conversion Total Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units completed and transferred out What are the costs to be accounted for? Costs to be accounted for: Cost of beginning work in process inventory Costs added to production during the month Total cost to be accounted for
Pham Corporation uses the weighted-average method in its
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Work in process, beginning: |
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Units in process |
30 |
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Percent complete with respect to materials |
60% |
|
Percent complete with respect to conversion |
50% |
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Costs in the beginning inventory: |
|
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Materials cost |
$6,190 |
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Conversion cost |
$16,290 |
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Units started into production during the month |
180 |
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Costs added to production during the month: |
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|
Materials cost |
$42,380 |
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Conversion cost |
$136,330 |
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Work in process, ending: |
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Units in process220 |
20 |
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Percent complete with respect to materials |
50% |
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Percent complete with respect to conversion |
40% |
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Cost per equivalent unit: |
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|
Material |
$216 |
|
Conversion |
$710 |
Required:
Enter the missing numbers, rounded to the nearest whole number.
a.What was the cost of the ending work in process inventory in the department at the end of the month?
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Materials |
Conversion |
Total |
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Ending work in process inventory: |
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Equivalent units of production |
|||
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Cost per equivalent unit |
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Cost of ending work in process inventory |
- What was the cost of the units completed and transferred to the next department during the month?
|
Materials |
Conversion |
Total |
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Units completed and transferred out: |
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Units transferred to the next department |
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Cost per equivalent unit |
|||
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Cost of units completed and transferred out |
- What are the costs to be accounted for?
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Costs to be accounted for: |
|
|
Cost of beginning work in process inventory |
|
|
Costs added to production during the month |
|
|
Total cost to be accounted for |
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