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Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. Note: Round your intermediate calculations to
Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. Note: Round your intermediate calculations to 2 decimal places. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. Note: Round your answers to 2 decimal places. Problem 4-14 (Algo) Analysis of Work in Process T-account-Weighted-Average Method [LO4-1, LO4-2, LO4-3, LO4-4] Weston Products manufactures an Industrial cleanlng compound that goes through three processing departments-Grinding, MIxIng, and Cooking. All raw materlals 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: The May 1 work In process Inventory had 60,000 pounds with $104,400 In materlals cost and $36,000 In conversion cost. The May 1 work In process Inventory was 100% complete for materlals and 30% complete for conversion. Durlng May, 304,000 pounds were started Into production. The May 31 Inventory consisted of 55,000 pounds that were 100% complete for materlals and 60% complete for conversion. The company uses the weighted-average method of process costing. Requlred: For May: 1. Compute the Grinding Department's equivalent units of production for materlals and conversion. 2. Compute the Grinding Department's costs per equlvalent unlt for materlals and conversion. 3. Compute the Grinding Department's cost of ending work In process Inventory for materlals, conversion, and in total. 4. Compute the Grinding Department's cost of units transferred out to the MIxIng Department for materlals, conversion, and In total. Complete this question by entering your answers in the tabs below. Compute the Grinding Department's equivalent units of production for materials and conversion in May. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May. Note: Round your intermediate calculations to 2 decimal places
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