Sur Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of the company's production process follows: Materials Conversion Work in process, beginning OR 4,000 OR 3,000 Current costs added 20,000 16,000 Total costs Equivalent units Costs per equivalent unit Goods completed Work in process, ending 90,000 units 10,000 units Material costs are added at the beginning of the process. The ending work in process is 50% complete with respect to conversion costs. Instructions: What are the equivalent units of production and Cost Per Equivalent Unit
Sur Company uses the weighted-average method in its process costing system. Information for the month of May concerning Department A, the first stage of the company's production process follows: Materials Conversion Work in process, beginning OR 4,000 OR 3,000 Current costs added 20,000 16,000 Total costs Equivalent units Costs per equivalent unit Goods completed Work in process, ending 90,000 units 10,000 units Material costs are added at the beginning of the process. The ending work in process is 50% complete with respect to conversion costs. Instructions: What are the equivalent units of production and Cost Per Equivalent Unit
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:Sur Company uses the weighted-average method in its process
costing system. Information for the month of May concerning
Department A, the first stage of the company's production
process follows:
Materials Conversion
Work in process, beginning
OR 4,000 OR 3,000
Current costs added
20,000
16,000
Total costs
Equivalent units
Costs per equivalent unit
Goods completed
Work in process, ending
90,000 units
10,000 units
Material costs are added at the beginning of the process. The
ending work in process is 50% complete with respect to
conversion costs.
Instructions:
What are the equivalent units of production and Cost Per
Equivalent Unit
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