Determine the cost transferred to finished goods do not

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Production and cost data for the month of February for Process A of the Packer manufacturing Company follow:



 Units in process, February 1
 (100% complete with respect to materials, 25% complete with respect to conversion cost)

4200
  New units started in process
9100
  Units completed
7,000    
Units in process, February 28
 (100% complete with respect to materials, 1/3 complete with respect to conversion cost)

6300   



 Work in process inventory, February 1:

 Materials $ 710
 Conversion $ 210
 Costs incurred in February:

 Materials issued $ 4078
  Conversion $ 1610

The company uses the weighted-average cost method in its process costing system.

Required:
a.

Calculate the equivalent units and cost per equivalent unit for February for materials and for conversion costs. (Do not round intermediate calculations. Round your cost per equivalent unit answers to 3 decimal places. Omit the "$" sign in your response.)


Materials Conversion
 Equivalent units of production      
 Cost per equivalent unit $    $   

b.

Determine the cost transferred to finished goods. (Do not round intermediate calculations. Round your cost per equivalent unit answers to 3 decimal places. Omit the "$" sign in your response.)

 Cost transferred to finished goods $   
c.

Determine the amount of cost that should be assigned to the ending work in process. (Do not round intermediate calculations. Round your cost per equivalent unit answers to 3 decimal places. Omit the "$" sign in your response.)

Reference no: EM13484336

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