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Determine the equivalent units of production, cost per equivalent unit and the cost of ending work in process and units transferred out using the data
Determine the equivalent units of production, cost per equivalent unit and the cost of ending work in process and units transferred out using the data provided. | |||||
Data | |||||
Beginning work in process inventory: | |||||
Units in process | 35,000 | ||||
Completion with respect to conversion | 30% | ||||
Costs in the beginning work in process inventory: | |||||
Conversion cost | $15,575 | ||||
Units started into production during the period | 20,000 | ||||
Costs added to production during the period: | |||||
Conversion cost | $550,900 | ||||
Ending work in process inventory: | |||||
Units in process | 22,000 | ||||
Completion with respect to conversion | 15% | ||||
Enter a formula into each of the cells marked with a ? below | |||||
Weighted Average method: | |||||
Equivalent Units of Production | |||||
Conversion | |||||
Units transferred to the next department | ? | ||||
Equivalent units in ending work in process inventory: | |||||
Conversion | ? | ||||
Equivalent units of production | ? |
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