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ACCT2321 Ms. Olga Frangie Group Work 2 1. The following data have been provided by Fattig Corporation, which uses the weighted- average method in its
ACCT2321 Ms. Olga Frangie Group Work 2 1. The following data have been provided by Fattig Corporation, which uses the weighted- average method in its process costing. The data are for the company's Shaping Department for October. Percent Complete Materials Conversion Units 900 8,200 Work in process, October 1. . Units started into production during October. Units completed during October and transferred to the next department.. Work in process, October 31... 55% 50% 7,100 2,000 85% 35% Work in process, October 1 $23,550 $14,208 Cost added during October $62,700 $87,506 Required: 1. Compute the cquivalent units of production for both materials and conversion costs for the Shaping Department for October using the weighted-average method. 2. Compute the cost per equivalent unit for materials and conversion for the Shaping Department in October. 3. Total cost of ending inventory. 4. Total cost of units transferred out
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