Reference no: EM132760901

The following data appeared in the accounting records of Manuel Manufacturing Company, Inc., which uses the weighted average cost method.

Started in process 12,000 units
Finished and transferred out 10,500 units
Work in process, end of the month 1,500 unit that is 40% completed
Material costs $36,000
Labor $44,400
Factory overhead $22,200

Required:

Problem 1: Compute under the scenarios given below, the following:

i. The Equivalent Units for materials, labor and overhead for the month
ii. Compute the Cost per unit materials, labor and overhead for the month
iii. Compute the total cost of units finished and transferred out.
iv. Cost of units in process at the end of the month