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ABC Company uses weighted average in process costing and has three components in a unit in April: % completed Units Packing Materials Conversion Work in

ABC Company uses weighted average in process costing and has three components in a unit in April:

% completed

Units

Packing

Materials

Conversion

Work in process (WIP) Apr 1

2

100%

82%

90%

Work in process Apr 30

4

100%

80%

?

Work in process inventory Apr 1

$1,700

$384

?

Cost added during Apr

82,000

$6,000

$42,000

Total cost of units transferred out and ending WIP are $136,008. Cost per equivalent unit for Packing, Materials, & Conversion are $1,550, $120, and $860 respectively. During April, 50 units were completed and transferred out.

Required (Use vertical format):

(a) Compute the WIP amount on Apr 1 for Conversion. (3 marks)

(b) Compute the percentage completed on Apr 30 for Conversion. (3 marks)

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