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A Corporation uses the weighted-average method in its process costing system and has determined that the equivalent units in the first processing department during the
A Corporation uses the weighted-average method in its process costing system and has determined that the equivalent units in the first processing department during the most recent month were: Units Ending work in process 900 Materials 630 Conversion 450 Units transferred to the next department 7,500 7,500 7,500 Total 8,130 EU 7950 EU Using the equivalent units above, the cost per equivalent unit in Department 1 was computed to be: Cost per EU Materials Conversion $5.40 10.20 Required: Calculate the total cost of units in ending work in process in Department 1 at the end of the month the total cost of units transferred out of Department 1 for the month. the total cost accounted for in the Department. Note: Total cost to account for is $124,992
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