Solution-Calculate cost of units transferred out and the

Calculate cost of units transferred out and the cost of EWIP

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Reference no: EM132507526

Nonuniform Inputs, Weighted Average Carter Inc. had the following production and cost information for its fabrication department during April (with materials added at the beginning of the fabrication process):

Production:

Units in process, April 1, 50% complete with respect to conversion 10,000

Units complete 65,200

Units in process, April 30, 60% complete 12,000

Costs:

Work in process, April 1:

Materials $ 40,980

Conversion costs 28,920

Total $ 69,900

Current costs:

Materials $125,000

Conversion costs 210,000

Total $335,000

Carter uses the weighted average method.

Required:

Question 1. Show an equivalent units schedule.

Question 2. Calculate the unit cost. (Note: Round answers to two decimal places.)

Question 3. Calculate the cost of units transferred out and the cost of EWIP.

Reference no: EM132507526

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Calculate cost of units transferred out and the cost of EWIP

Reference no: EM132507526

Reference no: EM132507526

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