Question
Davies Manufacturing uses the weighted average method in its operations and shows the following information for its first processing department: Percent Complete Units Materials Conversion
Davies Manufacturing uses the weighted average method in its operations and shows the following information for its first processing department:
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| Percent Complete | |
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| Units | Materials | Conversion |
| Work in process, beginning | 300 | 85% | 40% |
| Started into production | 9,100 |
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| Completed and transferred out | 8,700 |
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| Work in process, ending | 700 | 80% | 20% |
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| Materials | Conversion |
| Work in process, beginning |
| $7,545 | $4,900 |
| Cost added during August |
| $240,300 | $242,400 |
Assume the number of equivalent units for Materials is 9,300. What is the cost perequivalent unit for Materials?
| A. | 26.60 | |||||||||||||
| B. | 25.84 | |||||||||||||
| C. | 26.65 | |||||||||||||
| D. | 26.06 Assume the cost per equivalent unit for Conversion Costs is $27.98. What is the cost of units transferred out for Conversion Costs?
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