All materials are added at the beginning of the process

Reference no: EM13590555

The Curing Department of Carmon Company reported the following information for the month of November:

	Units	Conversion % Completed
Completed and transferred	31,000
Work in process, 11/1	5,000	80%
Work in process, 11/30	3,000	30%

	Materials	Labor and Overhead	Transferred-In
Costs for November:
Work in process, 11/1	52,850	67,050	84,700
Added during the month	153,900	198,300	236,450

All materials are added at the beginning of the process. Inspection occurs 60 percent of the way through the process. (Round to two decimal places.)

Required:

a. What are the weighted average equivalent units for materials, transferred-in and conversion?

b. What are the FIFO equivalent units for materials, transferred-in, and conversion?

c. What is the weighted average cost per unit for conversion?

d. What is the weighted average cost per unit for materials?

e. What is the cost assigned to ending work in process using weighted average?

f. What is the cost assigned to transferred out using weighted average?

g. What is the FIFO cost per unit for conversion?

h. What is the FIFO cost per unit for materials?

i. What is the cost assigned to ending work in process using FIFO?

j. What is the cost assigned to transferred out using FIFO?

Reference no: EM13590555

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