Reference no: EM132633653
Question - Pie Ltd produces high-quality pies that passes through two production processes.
Data for June for the first process follow:
Work in process inventory, June 1 90,000 units
(Direct material 50% completed and conversion 60% completed)
Work in process inventory, June 30 to be calculated in part (a) below
(Direct material 60% completed and conversion 35% completed)
Direct material costs in work in process inventory, June 1 $60,000
Conversion costs in work in process inventory, June 1 $14,900
Units started into production 280,000 units
Units completed and transferred out 300,000 units
Direct materials costs added during June $385,000
Conversion costs added during June $214,500
Required: Using the weighted-average method
(a) Calculate the physical units in ending work in process inventory
(b) Calculate the total equivalent units for direct material and conversion.
(c) Calculate the cost per equivalent unit for direct material and conversion.
(d) Calculate the cost of units completed and transferred out, and the cost of ending work in progress inventory.