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Baroche Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for
Baroche Inc. uses the weighted average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. Work in process, beginning: Units in processe 1004 Percent complete with respect to materials 70%te Percent complete with respect to conversion 40% he Costs in the beginning inventory: Materials coste $3644 Conversion coste $1,1204 e Units started into production during the month 23,000 Units completed and transferred out 22,9004 e Costs added to production during the month: Materials coste $124,1607 Conversion coste $637,088+e ce Work in process, ending: - ee Units in process 2004 Percent complete with respect to materials 80% e Percent complete with respect to conversion 70%e Required: Using the weighted average method, (a) determine the equivalent units of production for materials and conversion costs. (4 marks) (6) determine the cost per equivalent unit for materials and conversion costs. (6 marks) (C) determine the cost of units transferred out of the department during the month. 1 (5 marks) (d) determine the cost of ending work in process inventory in the department
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