Vexar manufactures nails. Manufacturing is a one-step process where the nails are forged. This is the information related to this year’s production:

Ending inventory was 100% complete as to materials and 70% complete as to conversion, and the total materials cost is $115,080 and the total conversion cost is $72,072. Using the weighted-average method, what are the unit costs if the company transferred out 34,000 units? Using the weighted-average method, prepare the company’s process cost summary for the month.

Transcribed Image Text:

Cost to Account For Beginning inventory: conversion Direct material Direct labor Applied overhead Total costs to account for $ 14,300 34,950 55,000 23,940 $148,190 Units to Account For Units started into production Transferred out 25,000 26,000