Solution-Calculate the cost of units completed

Calculate the cost of units completed

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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.

(d) Calculate the cost of units completed and transferred out, and the cost of ending work in progress inventory.

Reference no: EM132633653

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Calculate the cost of units completed

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