Reference no: EM132501145

Point 1: Hamilton, Inc. manufactures units in two processes: Production and Finishing. All direct materials are added at the beginning of the Production process, while conversion costs are incurred evenly throughout the period for both Production and Finishing. Hamilton employs three inspectors: Kasey, Chad, and Lexi. Kasey inspects direct materials before they are added to Production (two pieces of direct materials per unit). Chad inspects units when the Production process is finished, after which they are immediately transferred to Finishing. Lexi inspects units at the end of the Finishing process.

Point 2: This period, none of the materials or units failed inspection. At the beginning of the period, 5,700 units had only "Inspected by Kasey" tags on them (these units were 70% complete), and 2,600 units had "Inspected by Kasey" and "Inspected by Chad" tags on them (these units were 60% complete). At the end of the period, 8,000 units had only "Inspected by Kasey" tags on them (these units were 50% complete). 2,300 units had only "Inspected by Kasey" and "Inspected by Chad" tags on them (these units were 90% complete), and 19,000 units had tags from all three inspectors on them (these units were 100% complete). In the Finishing Department, Hamilton incurred $38,700 in direct materials costs and $76,600 in conversion costs in the current period. Beginning Work in Process Inventory for the Finishing Department carried a value of $4,110 in direct materials and $3,770 in conversion costs.

Question a. Using the weighted-average method, determine the number of physical units in beginning Work in Process in Production during the period.

Question b. Using the weighted-average method, determine the number of physical units started in Production during the period.

Question c. Using the weighted-average method, determine the number of physical units transferred from Production to Finishing during the period.

Question d. Using the weighted-average method, determine the number of physical units in ending Work in Process in Production during the period.

Question e. Using the weighted-average method, determine the number of physical units in beginning Work in Process in Finishing during the period.

Question f. Using the weighted-average method, determine the number of physical units in ending Work in Process in Finishing during the period.

Question g. Using the weighted-average method, determine the number of physical units completed in Finishing during the period.

Question h. Using the weighted-average method, determine the number of equivalent units for direct materials for Production.

Question i. Using the weighted-average method, determine the number of equivalent units for conversion for Production.

Question j. Using the weighted-average method, determine the number of equivalent units for direct materials for Finishing.

Question k. Using the weighted-average method, determine the number of equivalent units for conversion for Finishing.

Question l. Using the weighted-average method, determine the cost per equivalent unit for direct materials for Finishing. (Round your answer to 2 decimal places.)

Question m. Using the weighted-average method, determine the cost per equivalent unit for conversion for Finishing. (Round your answer to 2 decimal places.)