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cost accounting book:Conerstone 3rd editon By Hansen , Don R please show work for maximum credits Gan maoling corporation produces a product that passes through

cost accounting book:Conerstone 3rd editon By Hansen , Don R

please show work for maximum credits

Gan maoling corporation produces a product that passes through two departments. For May, the following equivalent unit schedule was prepared for the first department:

Materials Conversion

Units completed 180,000 180,000

Units, EWIP X percentage complete:

15,000 X 100% 15,000

15,000 X 40% 6,000

Equivalent units of output 195,000 186,000

Cost assigned to beginning work in process:

Materials: $51,000

Conversion: $24,750

Manufacturing costs incurred during the months:

Materials: $56,250

Conversion: $45,000

Required:

A. Compute the unit cost for May using the weighted average method.

B. Determine the cost of goods transferred out.

C. Determine the cost of ending work in process.

thank you in advance for your help.

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