How would your answers in problem 57 change if Timmy€™s uses the weighted average method of process costing?
In Exercise

Riley€™s paper company manufactures computer paper for laser printers. The following information is related to production costs incurred in the manufacturing process during the month of March.

Required
A. How many t-shirts were completed during February?
B. Of the t-shirts completed how many were started and completed during the month?
C. How many equivalent finished units did the company complete in February?
D. What is the cost per equivalent unit?
E. Calculate the cost of the ending work in process inventory and the cost of goods manufactured inFebruary.

Transcribed Image Text:

Number Production Beginning work in process (25% complete Current period production Ending work in process (70% complete) of Shirts 20,000 85,000 12,000 Costs $42,776 160,024