Reference no: EM132794680

ABC company uses a process costing system. ABC Company uses the weighted-average method for process costing. At the end of the day, XYZ department had 100 units still in works in process. The works in the process were 30% complete for conversion and 40% complete for materials. At the beginning of the day, there were 90 units in works in process that were 70% complete for conversion and 50% complete for materials. XYZ department started 1,500 units in the process. Daily material and conversion costs were $10,000 and $20,000. The beginning work in process account balance was $35,000, with $12,000 in conversion costs and $23,000 in direct material cost.

Required:

(Round all final answers to the nearest integer, do not round in intermediate calculations)

Problem 1) What was XYZ department's direct material cost per equivalent unit?

Problem 2) What was XYZ department's conversion cost per equivalent unit?

Problem 3) What was the dollar amount for units transferred to the next process for the day?

Problem 4) What was the ending balance in the works in process?