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Company A uses the weighted average method in it is process costing system. The data below pertains to operations in the first processing department for
Company A uses the weighted average method in it is process costing system. The data below pertains to operations in the first processing department for the month of February: - Beginning Inventory consisted of 400 units that were 75% complete from a material standpoint and 50% complete from a conversion standpoint. - The value of the beginning inventory consisted of $1,800 of material and $3,300 of conversion cost. - 15,000 units were started in February - Ending Inventory consisted of 1,000 units that were 80% complete from a material standpoint and 40% complete from a conversion standpoint. - The costs added in February consisted of $97,000 of material and $215,000 of conversion costs. Based upon the data provided determine the following: a. The EU of Material ____________________ b. The EU of Conversion _________________ c. The cost per of EU of Material __________ d. The cost per EU of Conversion ___________ e. The value of ending inventory __________
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