chapter 5 question 2

Weston Products manufactures an industrial cleaning compound that goes through three processing departments Grinding. Mixing. and Cooking All raw materials are Introduced at the start of work in the Grinding Department. The Work in Process Taccount for the Grinding Department for May is given below: Inventory, May 1 Work in Process-Granding Department 137,970 Completed and transferred to the Mixing Department 630,260 215,880 Materials Conversion Inventory, May 31 The May 1 work in process inventory consisted of 73,000 pounds with $102,930 in materials cost and $35,040 in conversion cost. The May I work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 394,000 pounds were started into production. The May 31 inventory consisted of 122,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weighted average method in its process costing system Required: 1. Compute the Grinding Department's equivalent units of production for materlals and conversion in May, 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May, A Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion and in total for May Complete this question by entering your answers in the tabs below. Required Required 2 Required Required 4 mitte the Cundin anstatenilor the Miving Danman for maintenandin Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May 3. Compute the Grinding Department's cost of ending work in process Inventory for materials, conversion, and in total for May 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's equivalent units of production for materials and conversion in May Equivalent units of production Materials 467,000 Conversion 515 800 KR Required 2 > Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion and in total for May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's costs per equivalent unit for materials and conversion for May (Round your answers to 2 decimal places) Materials Conversion $ 157s 0.49 Cost per equivalent unit Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion and in total May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required Compute the Grinding Department's cost of ending work in process Inventory for materials, conversion and in total for May (Round your intermediate calculations to 2 decimal places Materials Conversion Total Cost of ending work in process inventory Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May, 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total Cost of units completed and transferred out