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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 inventory, February 1 4,300 trusses Direct materials: 100% complete $ 10,780 Conversion: 30% complete $ 15,558 Units started during February 18,300 trusses Units completed during February and transferred out 17,300 trusses Work-in-process inventory, February 29 Direct materials: leex complete Conversion: 30% complete Costs incurred during February Direct materials $ 59,340 Conversion $92,392 Required Using the weighted average method, calculate the following 1-a. Costs per equivalent unit. (Round your answers to 4 decimal places.) 1-b. Cost of goods completed and transferred out (Round "Cost per EU" to 4 decimal places. Round final answer to nearest whole dollars.) 1-c. Costs remaining in the Work-in-Process Inventory account (Round "Cost per EU" to 4 decimal places. Do not round other intermediate calculations. Round final answer to nearest whole dollars.) 2. Assume that you are the company's controller . The production department's February equivalent unit cost is higher than expected. If the manager of the first department asks you to do him a favor by increasing the ending inventory completion percentage from 30 to 50% to lower the unit costs, how much would unit cost be affected by this request? (Round your answer to 4 decimal places.) Direct Materials Conversion 3 3 1-a. Cost per EU 1-6. Cost of goods completed and transferred out 1-c. Costs remaining in the WIP Inventory account 2 The weighted average cost per equivalent unit by
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