Reference no: EM132549513
The following data is related to assembly division in XYZ company in June month:
Physical Units Direct Materials Conversion Costs
Work in process, beginning 80 493,360 91,040
Started in June 300
Completed during June 300
Work in process, ending 80
Total cost added during June 3,220,000 1,392,000
Degree of completion: Direct mat. 70%, conversion costs, 20%.
Question 1: Prepare physical and equivalents units table, Use the weighted average method to summarize the total cost to account for, calculate cost per equivalent unit, and assign total cost to unit completed and transferred and to units in ending work in process.