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Aldo manufactures substitute cosmetics goes through two processing departments prior to completion. The following data pertains to the operations of the first department & the

Aldo manufactures substitute cosmetics goes through two processing departments prior to completion.

The following data pertains to the operations of the first department & the second department for May.

The first department

Units

Materials

EU

Conversion

EU

WIP, beginning

30,000

100%

?

70%

?

Started into production

170,000

Completed and transferred out

160,000

100%

?

100%

?

WIP, ending

40,000

100%

?

40%

Started and completed

130,000

100%

?

100%

?

Material costs

Conversion costs

WIP, beginning

$24,000

$42,000

Costs added during the current moth

$334,800

$638,000

Instructions: Using the weighted average method and the FIFO method,

  1. Compute the equivalent units of production for materials and conversion in the first department for May.
  2. Compute the cost per equivalent unit for materials and conversion in the first department for May.
  3. Compute the cost of ending WIP-first department for materials, conversion, and in total for May.
  4. Compute the cost of units transferred out from the first department for materials, conversion, and in total for May.

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