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(Entrament Ltd. is a manufacturing company, which makes multivitamin supplement and is located in Taiwan. Entrament Ltd. uses the Weighted Average method of process costing.
(Entrament Ltd. is a manufacturing company, which makes multivitamin supplement and is located in Taiwan. Entrament Ltd. uses the Weighted Average method of process costing. Summary data for March 2020 are as follow:)l(Below is given the summary for Entraments Costs:)
(Required):
1. (Compute output in terms of Entraments equivalent units.)
2. (Compute total cost to account for.)
3. (Compute cost per equivalent unit.)
4. (Assign total costs to units completed and to units in ending work in process.)
Percentage Complete Unit Direct Material Conversion Cost Work in Process, beginning inventory 69,600 100% 35% Started in March 155,400 Completed and Transferred Out in March ??? Work in Process, ending inventory 50,000 100% 50% Total cost of beginning work in process: Cost added during October: Direct materials $270,000 Direct materials $832,500 Direct Labor $141,855 Direct Labor $337,500 Applied Overhead $55,645 Conversion cost $115,000Step by Step Solution
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