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Equivalent Units and Product Cost ReportWeighted Average Method The following data (and annotations) are for the work-in-process account of the first of Johnson Companys four

Equivalent Units and Product Cost ReportWeighted Average Method

The following data (and annotations) are for the work-in-process account of the first of Johnson Companys four departments used in manufacturing its only product for October of 2019.

Work in Process-Department 1
Beginning balance (2,000 units, 70% complete)
Direct material $15,500
Conversion costs 9,600
Transferred to department 2: (20,000 units) (a)
Direct material (21,000 units) 157,000
Direct labor 145,200
Manufacturing overhead 48,135
Ending balance [ (b) units, 25% complete] (c)

Assuming that Johnson uses the weighted average method and that materials are added at the beginning of the process and conversion costs are incurred evenly throughout, solve for the three missing numbersRound average cost per equivalent unit to two decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.

Johnson Company Department 1 Equivalent Units Calculations, October 2019
Equivalent Units
% Work done Direct Materials % Work Done Conversion Costs
Complete/Transferred Answer

Answer

Answer

Answer

Answer

Ending Inventory b. Answer

Answer

Answer

Answer

Answer

Total Answer

Answer

Answer

Product Cost Report
Direct Materials Conversion Costs
Beginning Inventory Answer

Answer

Answer

Current Answer

Answer

Answer

Total Costs to Account For Answer

Answer

Answer

Total Equivalent Units Answer

Answer

Average cost / Equivalent unit (round 2 decimal places) Answer

Answer

Complete / Transferred:
Direct Materials Answer

Conversion costs Answer

Cost of Goods Manufactured Answer

a.
Ending Inventory:
Direct Materials Answer

Conversion costs Answer

Cost of Ending Inventory Answer

c.
Total Costs Allocated Answer

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