Calculate the cost of the units completed

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Question - The Mixing Department of Yummy Foods had 85,000 equivalent units of materials for October. Of the 85,000 units, 50,000 units were completed and transferred to the next department, a 35,000 units were 60% complete. Yummy Foods's costs per equivalent unit of production are $1.10 for direct materials and $0.65 for conversion costs. All of the materials are added at the beginning of the process. Conversion costs are added evenly throughout the process and the company uses the weighted-average method. Calculate the cost of the 50,000 units completed and transferred out and the 35,000 units, 60% complete, in the ending Work-in-Process Inventory.

Reference no: EM133127825

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