Reference no: EM132549442
Injection Molding, Inc., manufactures plastic moldings for car seats. Its costing system utilizes two cost categories, direct materials and conversion costs. Each product must pass through Department A and Department B. Direct materials are added at the beginning of production. Conversion costs are allocated evenly throughout production.
Data for Department A for February 20x3 are.
Work in process, beginning inventory, 40% converted 200 units
Units started during February 600 units
Work in process, ending inventory:
100 units
30% complete as to conversion costs
100% complete as to materials
Costs for the Department A for February 20x3 are.
Work in process, beginning inventory:
Direct materials P100,000
Conversion costs P100,000
Direct materials costs added during February P1,000,000
Conversion costs added during February P1,250,000
Question 1: What were the equivalent units of direct materials and conversion costs, respectively, at the end of February? Assume Injection Molding, Inc. uses the weighted-average process costing method.
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