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Barsoux inc uses the weighted-average method in its process

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Reference no: EM13574392

Barsoux Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.

  Work in process, beginning:

     Units in process
1,300   
     Percent complete with respect to materials
70%
     Percent complete with respect to conversion
80%
  Costs in the beginning inventory:

    Materials cost $ 2,650
    Conversion cost $ 6,736



  Units started into production during the month
35,000
  Units completed and transferred out
34,300



Costs added to production during the month:

      Materials cost $ 563,405
      Conversion cost $ 472,606



  Work in process, ending:

     Units in process
2,000
    Percent complete with respect to materials
50%
    Percent complete with respect to conversion
20%
Required:

Using the weighted-average method:
a.

Determine the equivalent units of production for materials and conversion costs. (Carry calculations out to the nearest tenth of a cent.)

Materials Conversion
  Equivalent units of production      
b.

Determine the cost per equivalent unit for materials and conversion costs.

Materials Conversion
  Cost per equivalent unit $    $   
c.

Determine the cost of units transferred out of the department during the month.

   Materials Conversion Total
  Cost of units completed and transferred out $    $    $   
d.

Determine the cost of ending work in process inventory in the department.

    Materials Conversion Total
  Cost of ending work in process inventory $   $    $  

Reference no: EM13574392

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