Solution-Determine the cost of ending work in process

Determine the cost of ending work in process

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Reference no: EM131961908

Problem - Marida products, Inc. produces plastic used for video cameras. The product passed through three departments. For April, the following equivalent units schedule was prepared for the first department:

	Direct Materials	Conversion Costs
Units completed	5,000	5,000
Units, ending work in process x percentage complete:
6,000 x 100%	6,000	-
6,000 x 50%	-	3,000
Equivalent units of output	11,000	8,000

Costs assigned to beginning work in process: direct materials $30,000; conversion costs, $5,000. Manufacturing costs incurred during April: direct materials, $25,000; conversion costs, $65,000. Marida uses the weighted average method.

Required:

1. Compute the unit cost for April.

2. Determine the cost of ending work in process and the cost of goods transferred out.

Reference no: EM131961908

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Determine the cost of ending work in process

Reference no: EM131961908

Reference no: EM131961908

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