Determine the cost transferred to finished goods do not

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Reference no: EM13484336

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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