4. Following table shows information of ABC Corp. which uses weighted-average method in its process costing system. It has two departments in production process. The table shows data of the month of March for the first department. Units Materials Labor Work in process inventory, beginning 5,000 $4,320 Conversion $1,040 $1,790 Completion of beginning work in process 80% 30% 90% inventory Units started in process 45,000 Units transferred out 42,000 Work in process inventory, ending 10,000 Cost added during the month $62,800 $55,500 $90,000 Completion of ending work in process 80% 45% 30% inventory a. Calculate the first department's equivalent units of production for materials, labor, and conversion for the month and show each step of the calculation in detail. b. Calculate the first department's cost per equivalent unit for materials, labor, and conversion for the month and show each step of the calculation in detail. c. Compute the first department's cost of ending work in process inventory for materials, labor, and conversion, and in total for March. d. Compute the first department's cost of units transferred out to the second department for materials, labor, and conversion, and in total for March. |