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Process cost summary using the weighted-average method

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The following partially completed process cost summary describes the May production activities of Raman Company. Its production output is sent to its warehouse for shipping.

Equivalent units of production Direct Materials Direct Labor Factory Overhead
  Units transferred out 128,000   128,000   128,000  
  Units of ending goods in process  10,000   6,000   6,000  
        
  Equivalent units of production 138,000   134,000   134,000  
        

 

Costs per EUP Direct Materials Direct Labor Factory Overhead
  Costs of beginning goods in process $ 37,100   $ 1,520   $ 3,040  
  Costs incurred this period   715,000     125,780     251,560  
  
  Total costs $ 752,100   $ 127,300   $ 254,600  
  

 

    
  Units in beginning goods in process 8,000  
  Units started this period 130,000  
  Units completed and transferred out 128,000  
  Units in ending goods in process 10,000  

 

Prepare its process cost summary using the weighted-average method. (Round your cost per EUP answers to 2 decimal places. Omit the "$" sign in your response.)

 

Reference no: EM131804945

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