Reference no: EM132937787
Question - Ysage Company manufactures a single product that goes through two processes, mixing and cooking. These data pertain to the mixing department for August 2006:
Work-in-process inventory, Aug 1 27,000 units
Conversion 80% complete
Work-in-process inventory, Aug 31 17,000 units
Conversion 40% complete
Units started into production 60,000 units
Units completed and transferred out ?
Costs
Work -in-process inventory Aug 1
Material X 64,800
Material Y 89,100
Conversion 119,880
Costs added during August
Material X 152,700
Material Y 138,400
Conversion 302,520
Material X is added at the beginning of work in the mixing department. Material Y is also added in the mixing department, but not until units of product are 60% complete with regard to conversion. Conversion costs incurred uniformly during the process. Assume that the company uses the weighted-average cost method.
Required -
1. What the equivalent units of Material X?
2. What the cost per equivalent unit for Material Y?
3. What the cost of units transferred out?
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