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Determine and compute the equivalent units of production

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Reference no: EM132480748

The wire Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After the weaving is completed, the materials are transferred into the Coating Department, where specialty plastic coating is applied.

Selected data relating to the Weaving Department during May are given below:

Production data:

Kilograms in process, May 1: Materials 100% complete, conversion 80% complete 85,000

Kilograms started into production during May 365000

Kilograms completed and transferred to Coating ‘?

Kilograms in process, May 31: Materials 65% complete, conversion 30% complete 55000

Cost data:

Work in process inventory, May 1: Materials cost $101,000

Conversion cost . $51,000 Cost added during May:

Materials cost $462,000

Conversion cost $213,000 

The company uses the weighted-average method.

Required:

Question 1. Compute the equivalent units of production.

Question 2. Compute the costs per equivalent unit for May. (rounded to 2 decimal places)

Question 3. Determine the cost of ending work in process inventory and of the units transferred to the Coating Department.

Reference no: EM132480748

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