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A mass producer of components used in construction equipment, Bonusist Construction, uses process costing for its product costing. The following information pertians to operations for
A mass producer of components used in construction equipment, Bonusist Construction, uses process costing for its product costing. The following information pertians to operations for the month of April for product TYBN567 Costs Units Prior Dept Direct Materials Conversion Beginning Work in Process Inventory, April 1 19,800 $702,000 $65,245 $377,710 April Activity 96,700 $1,074,625 $993,175 $1,007,890 Ending Work in Process Inventory 16,500 Percentage Complete Material Conversion Beginning WIP 60% 20% Ending WIP 80% 50% REQUIRED Using the weighted-average method, answer the following questions: 1. How many units were completed and transferred to finished goods? 2. What are the total equivalent units for each cost component? 3. What is the cost per equivalent unit for each cost component? 4. What is the cost transferred to Finished Goods Inventory? 5. What is the cost of ending WIP inventory? 6. If there was no beginning finished goods inventory for April and 92,300 units were sold in April how much is COGS
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