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Prepare physical and equivalents units table

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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.

Reference no: EM132549513

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