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Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production
Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February:
Work in Process February 1st | 4,000 trusses |
Direct Materials Cost 100% | $100,000 |
Conversion 20% complete | $150,000 |
Units Started During February | 18,000 trusses |
Units completed during February and transferred out | 17,000 trusses |
Work in Process Inventory February 29th | |
Direct Materials Inventory 100% complete | |
Conversion 40% complete | |
Costs incurred during February | |
Direct Materials | $59,500 |
Conversion | $92,250 |
Using the weighted average method complete the following
1. Costs per equivalent unit.
2. Cost of goods completed and transferred out.
3. Cost remaining in the ending work-in-process inventory.
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