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1. Barker Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department
1. Barker Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 800 50% 20% $2,440 $4,928 15,000 Work in process, beginning: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Units completed and transferred out Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 15,600 $96,470 $476,362 200 50% 90% Required: Using the weighted-average method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of units transferred out of the department during the month. d. Determine the cost of ending work in process inventory in the department. a through d. The answers to all the questions can be found by filling out a production report as follows. Quantity schedule and equivalent units Quantity Schedule Units to be accounted for: Work in process, beginning Started into production Total units a. Equivalent units Materials Conversion Units accounted for as follows: Transferred to next department Work in process, ending Total units (b) Costs per equivalent unit Total Cost Materials Conversion Cost to be accounted fo: Work in process, beginning Cost added during the month Total cost (a) Equivalent units (above) (b) Cost per EU, (a) + (b) Combined cost per EU C. and d. Total Cost Equivalent Units (above) Materials Conversion Cost accounted for as follows: Transferred out Work in process, ending: Materials Conversion Total work in
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