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Calculate the equivalent units and costs per equivalent unit

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Reference no: EM132842513

Question - Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August:

Work-in-process inventory, August 1 Conversion: 80% complete 29,000 units

Work-in-process inventory, August 31 Conversion: 50% complete 32,000 units

Units started 71,000 Units completed and transferred out ?

Costs Work-in-process inventory, August 1 Material X $55,300 Material Y 85,600

Conversion 118,880

Costs added during August Material X 159,200 Material Y 104,800

Conversion 334,720

Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 60% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method.

Required -

1. Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department.

2. Calculate the cost of units transferred out.

3. Calculate the cost of the ending Work-in-Process Inventory.

Reference no: EM132842513

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