Question
Consider the following information for Hamburg Corporation: Beginning inventory = 80,000 units Units started during the year = 150,000 units Ending inventory = 62,000 units
Consider the following information for Hamburg Corporation:
Beginning inventory = 80,000 units
Units started during the year = 150,000 units
Ending inventory = 62,000 units
Inventory is 100% done as to materials and 60% done as to conversion.
Materials
Beginning costs (SAR) = 420,000
Costs added during the period (SAR) = 1,250,000
Conversion
Beginning costs (SAR) = 687,000
Costs added during the period (SAR) = 983,000
Using the WEIGHTED AVERAGE method:
- Calculate the number of units completed during the period.
- Calculate equivalent units for conversion during the period.
- Calculate cost per equivalent units for Materials.
Note : kindly solve the 3 points with explaining the steps of solution to better understand
Thank you
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