Reference no: EM132746050
Question: South River Chemicals Pty Ltd. manufactures a product called Zybek.
Direct materials are added at the beginning of the process and conversion activity occurs uniformly throughout the process. The following data pertain to the month of May.
Units
Work in process - 1st May (60% complete) 11,000
Units started during May 75,000
Work in process - 31st May (30% complete) 23,000
Costs incurred Direct materials Conversion costs
Work in process - 1st May (60% complete) $23,400 $43,110
Costs incurred during May $118,500 $145,620
1) Using the weighted average method of process costing, calculate the equivalent units of direct materials for the month of May.
2) Using the weighted average method of process costing, calculate equivalent units of conversion activity for the month of May.
3) Using the weighted average method of process costing, calculate the cost per equivalent unit of direct materials for the month of May.
4) Using the weighted average method of process costing, calculate the cost per equivalent unit of conversion activity for the month of May.
5) Using the weighted average method of process costing, calculate the cost of goods completed and transferred during May.
6) Using the weighted average method of process costing, calculate the total cost remaining in work in process on May 31st.
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