Solution-Determine the equivalent units and costs per

Determine the equivalent units and costs per equivalent unit

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Reference no: EM132502785

Arsenio Company manufactures a single product that goes through two processes, mixing and cooking. The following data pertain to the mixing department for August:

Work-in-process inventory, August 1

Conversion: 80% complete 29,000units

Work-in-process inventory, August 31

Conversion: 50% complete 32,000units

Units started 71,000 Units

completed and transferred out ?

Costs

Work-in-process inventory, August 1

Material X $58,700

Material Y 85,500

Conversion 118,200

Costs added during August

Material X 153,400

Material Y 118,500

Conversion 301,800

Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units are 80% complete with regard to conversion. Conversion costs are incurred uniformly during the process. The company uses the weighted-average cost method.

Required:

Question 1: Calculate the equivalent units and costs per equivalent unit of material X, material Y, and conversion for the mixing department.

Question 2: Calculate the cost of units transferred out.

Question 3: Calculate the cost of the ending Work-in-Process Inventory.

Reference no: EM132502785

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Determine the equivalent units and costs per equivalent unit

Reference no: EM132502785

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