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Calculate the following for each deparment using Weighted Average for Q1 and Q2 provided with Q1 data below. Check figure given: WA 2nd Quarter Finishing

Calculate the following for each deparment using Weighted Average for Q1 and Q2 provided with Q1 data below. Check figure given: WA 2nd Quarter Finishing Ending WIP $4,634.46.

Units Completed
Ending WIP
Total Equivlent Units
Cost Per Equivlent Unit
Beginning WIP Cost
Cost that is added
Total Cost
Cost Per Equivlent Unit
Value of Ending WIP
Value of Goods Manufactuted or goods transferred to packaging

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Jordan Here is the relevant data that l've gathered for last quarter. Remember we use the FIFO method. All the materials are added at the beginning of the pouring process. The finishing department is different, though. Half the materials are added when conversion 50% complete and half are added at the end. Below are the figures I've pulled from the accounting system. Because we are creating a variety of different size candles, we will create the costs using candle-Inches. Then we can just figure out the cost of a particular size candle by multipying the per-inch cost by the height of the candle Josey Pouring Finishing Finishing 7,200 Pouring cC DM Transferred-In DM Beginning Inventory in Candle-Inches Units added during the month Ending WIP inventory in units 1,780 5108 $2,474 $3,136 85% 15% 3,000 27,500 4,250 Costs in Beginning Inventory$ 1,750 500 $ Costs added during the month $ 16,500 $ 5,250 60% 5,050 80%

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