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A company uses weighted average process costing. The data for the end of the period Equivalent units in BI 2,400 Costs in Beginning WIP Equivalent
A company uses weighted average process costing. The data for the end of the period
Equivalent units in BI | 2,400 | Costs in Beginning WIP | ||
Equivalent units to FG | 1000 | DM | 4000 | |
Equivalent units in EI | Conversion | 8,000 | ||
DM: | 1600 | Current costs | ||
CC | 1600 | DM | 2000 | |
Conversion | 3000 |
1- find the cost allocated to goods completed and transferred out.
2- find the cost allocated to Ending Inventory.
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