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Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern theo erations ofthe company's firstprocessingdepartmentforarecentmonth. Work in process, beginning: Units
Bachelet Inc. uses the weighted-average method in its process costing system. The following data concern theo erations ofthe company's firstprocessingdepartmentforarecentmonth. Work in process, beginning: Units in process Percent complete with respect to materials.... Percent complete with respect to conversion.. Costs in the beginning inventory 400 90% 40% $756 $4,448 Units started into production during the month. Units completed and transferred out . 13,000 13,300 Costs added to production during the month: Materials cost. Conversion cost. $29,949 $362,127 Work in process, ending: Units in process Percent complete with respect to materials.... Percent complete with respect to conversion.. 100 50% 30% Required: Prepare a three part cost report using the weighted-average method: a. Determine the total equivalent units of production for materials and conversion costs. b. Determine the cost per total equivalent unit for materials and conversion costs. c. Determine the cost of units transferred out of the department during the month. d. Determine the cost of ending work in process inventory in the department. e. Journalize the entry for cost of good manufactured during the period
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