Reference no: EM132662313

The weighted-average method is used by the Cardiff and Company. Below you will find information provided by the Heating department for the month of March:

Costs for March:                          Materials              Conversion

Work in process, March 1        $19,200                    $23,100
Added during the month             $89,000                $99,000

                                                   Units                    Conversion percentage complete

Work in process, March 1                 10,000                                50%
Units started                                    28,000
Completed and transferred out             19,900
Work in process, March 31                 5,000                              30%

Required:

Problem a: Cardiff and Company using the weighted-average method, all materials at the first process:

1. The equivalent units (EUs) of production for materials.
2. The cost per equivalent unit for conversion.
3. The total cost assigned to units transferred out of the Heating Department during March.
4. The cost assigned to work-in-process inventory as of March 31.