CHECK FIGURE (1) Conversion: 390,000 equivalent units; All applicable problems are available with McGraw-Hill's Connect Accounting. PROBLEM 4-13A Comprehensive Problem Weighted-Average Method [LO2, LO3, LO4, LOS] (3) Ending work in process: The PVC Company manufactures a high-quality plastic pipe that goes through three processing stages $45,000. prior to completion. Information on work in the first department, Cooking, is given below for May: Production data: Pounds in process, May 1: materials 100% complete; conversion 90% complete 70,000 Pounds started into production during May.... 350,000 Pounds completed and transferred to the next department. Pounds in process, May 31: materials 75% complete; conversion 25% complete... 40,000 Cost data: Work in process inventory, May 1: Materials cost Conversion cost. Cost added during May: Materials cost...... Conversion cost.. The company uses the weighted-average method. Process Costing Required: 1. Compute the equivalent units of production. 2. Compute the costs per equivalent unit for the month. 3. Determine the cost of ending work in process inventory and of the units transferred out to the next department. 4. Prepare a cost reconciliation report for the month. $86,000 $36,000 $447,000 $198,000 181