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Determine the costs per equivalent unit

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Question: Able Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.

Beginning work in process inventory

Units in beginning work in process inventory
300
Percent Complete with Respect to Materials
60%
Percent Complete with Respect to Conversion
30%
Costs in the beginning of inventory

Materials Cost

$342
Conversion Cost

$2,394
Units started into production during the month 21000
Units transferred to the next department during the month 20700
Materials Cost added during the month
$44,136
Conversion Cost added during the month
$546,750
Ending Work in process inventory

Units in ending work in process inventory
600
Percent Complete with Respect to Materials
80%
Respect complete with respect to conversion
30%

Required: a. Determine the equivalent units of production.

b. Determine the costs per equivalent unit.

c. Determine the cost of ending work in process inventory.

d. Determine the cost of the units transferred to the next department.

Reference no: EM131752232

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