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Compute the cost per equivalent unit for materials

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Question

Redan Corporation is a diversified manufacurer of paper products. The company uses the weighted-average method in its process costing system. The paper making process involves three areas: Pulping, Drying, and Finishing. Information on the first process, Pulping is shown below for the month of September:

Production Data: Data:

Tons in process, Sept 1: materials 100% complete; conversion

90% complete 87,000

Tons started into production during September 430,000

Tons completed and transferred out ?

Tons in process, Sept 30; material 80% complete; conversion 70,000

20% complete

Cost Data

Work in process inventory, September 1

Materials cost $133,600

Conversion cost $64,200

Cost added during September

Materials cost $680,540

Conversion cost $339,190

1. Compute the equivalent units of production for materials and conversion for September.

2. Compute the cost per equivalent unit for materials and conversion for September.

3. Compute the cost of ending work in process inventory for materials, conversion, and in total for September.

4. Compute the cost of units transferred out to the next department for materials, conversion, and in total for September.

Reference no: EM132385650

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