Total Costs-Weighted Average Method Information for the month of May concerning Department A, the first stage of Wit Corporation's production cycle, is as follows:

During the month 90,000 units were completed. The ending work-in-process of 10,000 units is \(50 \%\) complete as to conversion costs. Materials are added at the beginning of the process. Determine the total costs of

(a) the goods completed, and

(b) the ending work-in-proces.

Transcribed Image Text:

Beginning Work-in-Process Current Costs...... Total Costs. Equivalent Units Based on Weighted Average Method...... Average Unit Costs....... Materials Costs $ 4,000 20,000 $ 24,000 100,000 .$ .24 Conversion Costs $ 3,000 16,000 $ 19,000 95,000 $ .20