Equivalent Units and Product cost Report-Weighted Average Method

The following data (and annotations) are for Joyner Company's processing department work-in-process account for the month of June 2019:

Beginning inventory (700 units, 40% complete)
Direct materials		$8,715
Conversion costs		23,826
Current period
Direct materials (5,000 units)		105,000
Direct labor		178,800
Manufacturing overhead applied		113,400

Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of 900 units, 70% complete. Compute the following:

a. Equivalent units for materials and conversion.

b. Cost per equivalent unit for materials and conversion.

c. Total cost assigned to the units transferred out.

Direct Equivalent Units and Product cost Report-Weighted Average Method The following data (and annotations are for Joyner Company's processing department work-in-process account for the month of June 2019: Beginning inventory [700 units 40 complete) Direct materias 58,715 Conversiones 23.826 Current period Direct materials (5.000 units) 105.000 Direct labor 178 800 Manufacturing averhead applied 113.400 Joyner uses the weighted average method. Materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Ending work-in-process is composed of 900 units, 70% complete. Compute the following: a. Equivalent units for materials and conversion b. Cost per equivalent unit for materials and conversion. c. Total cost assigned to the units transferred out, Equivalent Units % Work * Work Conversion Where do the units come from? Where do the units ga? Done? Materials Done? Costs Beginning Inventory 0 Complete Transferred 094 0 Started Ending Inventory D 0 0 D Tulal 0 Total 0 0 a. Product Cost Report Direct Conversion Where do the casts come from? Materials Costs Beginning Inventory 5 0 S 0 Current 0 Total Costs to Account For 5 0 - Total Equivalent Units 0 $ Average cost / Equivalent unit Ob. Ob. Where do the costs 807 Complece / Transferred: Direct Materials $ D Conversion costs 0 Costs af Goods Manufacturedi $ Ending Inventory Direct Materials $ 0 Conversion costs D Cost of Ending Inventary Total Costs Allocated 0 0 0 0 5 5 1 5