Case 419 Second DepartmentWeighted-Average Method LO42, LO43, LO44

I think we goofed when we hired that new assistant controller, said Ruth Scarpino, president of Provost Industries. Just look at this report that he prepared for last month for the Finishing Department. I cant understand it.

Finishing Department costs:
Work in process inventory, April 1, 450 units; materials 100% complete; conversion 60% complete	$8,208*
Costs transferred in during the month from the preceding department, 1,950 units	17,940
Materials cost added during the month	6,210
Conversion costs incurred during the month	13,920
Total departmental costs	$46,278
Finishing Department costs assigned to:
Units completed and transferred to finished goods, 1,800 units at $25.71 per unit	$46,278
Work in process inventory, April 30, 600 units; materials 0% complete; conversion 35% complete	0
Total departmental costs assigned	$46,278
*Consists of cost transferred in, $4,068; materials cost, $1,980; and conversion cost, $2,160.

Please fill out template below:

Units to be Accounted For:

Beginning Inventory

8,208

Transferred In and Started

17,940

Total units

26,148

Equivalent Units

Transferred Cost

Material

Conversions

Units Accounted For

Must equal

Transferred In

Materials

Conversions

% complete

% complete

% complete

Transferred to Finishing dept

1,800

1,800

1,800

Ending Inventory (WIP)

600

-

210

Total units

26,148

2,400

1,800

2,010

will not equal total units