Solution-Prepare a schedule calculating the total cost per

Prepare a schedule calculating the total cost per equivalent

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Reference no: EM133051316

Question - Marigold is a toy maker that produces Flying Flingbats, a soft foam rubber weapon. All direct materials are added at the beginning of production, and conversion costs are incurred evenly throughout production. Conversion was 60% complete for the 7,900 units in WIP on December 1 and 40% complete for the 5,400 units in WIP on December 31. During the month, 12,900 Flingbats were completed and transferred out as finished goods. Following is a summary of the costs for the period:

	Direct Materials	Conversion Costs
Work in process, December 1	$19,200	$7,400
Costs added in December	32,040	23,473

Required - Using the weighted average method, prepare a schedule calculating the total cost per equivalent unit for December.

Reference no: EM133051316

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Prepare a schedule calculating the total cost per equivalent

Reference no: EM133051316

Reference no: EM133051316

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