Production data: Kilograms in process, May 1 (materials 100% complete; conversion 80% complete) Kilograms started into production during May Kilograms completed and transferred to Coating Kilograms in process, May 31 (materials 65% complete; conversion 30% complete) Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost he company uses the weighted-average method. Required: Compute the equivalent units of production. Materials Conversion 88,000 402,000 ? 69,000 $ 62,480 $ 93,280 $645,612 $392,590
Production data: Kilograms in process, May 1 (materials 100% complete; conversion 80% complete) Kilograms started into production during May Kilograms completed and transferred to Coating Kilograms in process, May 31 (materials 65% complete; conversion 30% complete) Cost data: Work in process inventory, May 1: Materials cost Conversion cost Cost added during May: Materials cost Conversion cost he company uses the weighted-average method. Required: Compute the equivalent units of production. Materials Conversion 88,000 402,000 ? 69,000 $ 62,480 $ 93,280 $645,612 $392,590
Cornerstones of Cost Management (Cornerstones Series)
4th Edition
ISBN:9781305970663
Author:Don R. Hansen, Maryanne M. Mowen
Publisher:Don R. Hansen, Maryanne M. Mowen
Chapter6: Process Costing
Section: Chapter Questions
Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...
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![Production data:
Kilograms in process, May 1 (materials 100% complete; conversion 80% complete)
Kilograms started into production during May
Kilograms completed and transferred to Coating
Kilograms in process, May 31 (materials 65% complete; conversion 30% complete)
Cost data:
Work in process inventory, May 1:
Materials cost
Conversion cost
Cost added during May:
Materials cost
Conversion cost
The company uses the weighted-average method.
Required:
1. Compute the equivalent units of production.
Equivalent units of production
Materials
Conversion
88,000
402,000
?
69,000
$ 62,480
$ 93,280
$645,612
$392,590](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F2a6dcdb5-82d8-47ef-8748-f49c9a067cc1%2Fcc181031-46e9-49f5-8e0f-10d4cc36bfcc%2F1x403x_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Production data:
Kilograms in process, May 1 (materials 100% complete; conversion 80% complete)
Kilograms started into production during May
Kilograms completed and transferred to Coating
Kilograms in process, May 31 (materials 65% complete; conversion 30% complete)
Cost data:
Work in process inventory, May 1:
Materials cost
Conversion cost
Cost added during May:
Materials cost
Conversion cost
The company uses the weighted-average method.
Required:
1. Compute the equivalent units of production.
Equivalent units of production
Materials
Conversion
88,000
402,000
?
69,000
$ 62,480
$ 93,280
$645,612
$392,590
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