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Calculate Equivalent Units, Unit Costs, and Transferred Costs Weighted Average Method Godfrey Manufacturing, Inc., operates a plant that produces its own regionally - marketed Spicy
Calculate Equivalent Units, Unit Costs, and Transferred CostsWeighted Average Method
Godfrey Manufacturing, Inc., operates a plant that produces its own regionallymarketed Spicy Steak Sauce. The sauce is produced in two processes, blending and bottling. In the Blending
Department, all materials are added at the start of the process, and labor and overhead are incurred evenly throughout the process. Godfrey uses the weighted average method. The following data from the Work in ProcessBlending Department account for January is missing a few items:
Work in ProcessBlending Department
January : inventory gallons, processed
Direct material $
Conversion costs
Transferred to Bottling Department gallons
January charges:
Direct material gallons
Direct labor
Manufacturing overhead
January inventory gallons, processed
Required
Assuming Godfrey uses the weighted average method in process costing, calculate the following amounts for the Blending Department:
Number of units in the January inventory.
Equivalent units for materials and conversion costs.
January cost per equivalent unit for materials and conversion costs.
Cost of the units transferred to the Bottling Department.
Cost of the incomplete units in the January inventory.
Round average cost per equivalent unit to four decimal places Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.
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