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Chapter 6 Process Costing Brief Exercise 6-27 Nonuniform Inputs, Weighted Average Carter Inc. had the following production and cost information for its fabrication department during
Chapter 6 Process Costing Brief Exercise 6-27 Nonuniform Inputs, Weighted Average Carter Inc. had the following production and cost information for its fabrication department during April (with materials added at the beginning of the fabrication proces) OBJEC Production: Units in process, April 1, 50% complete with respect to conversion Units completed Units in process, April 30, 60% complete Costs: 10,000 65,200 12,000 Work in process, April 1: Materials Conversion costs $ 40.980 28,920 69,900 Total Current costs: Materials Conversion costs $125,000 210,000 $335,000 Total Carter uses the weighted average method. Required: I. Prepare an equivalent units schedule. 2. Calculate the unit cost. (Note: Round answers to two decimal places.) 3. Calculate the cost of units transferred out and the cost ofEWIP
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