Reference no: EM133002256

Rupa's Mineral Water manufactures bottled water for sale to local department stores. The company uses the Weighted Average Method of process costing to account for the cost of the bottled water it produces. Raw materials (barium, iron, manganese, etc.) are added at the beginning of production. Conversion costs are incurred at a consistent rate during the production process.

Data for Rupa's Mineral Water are as follows:

Units Production Costs

Work in process, December 1: 4,000

Raw materials $2,132

Conversion costs (60% complete) $976

Started during December 50,000

Raw materials $40,188

Conversion costs $9,744

Work in process, December 31: 11,000

Raw materials

Conversion costs (60% complete)

Required:

Problem A. How many units were completed in December?

Problem B. How many equivalent units were completed in December for raw materials and conversion costs?

Problem C. What is the cost per equivalent unit for raw materials and conversion costs?

Problem D. What is the cost of ending WIP?

Problem E. What is the cost of goods manufactured during December?