Ex 1: The following information is available for Department A for the month of January: Units

Cost

Work in process, January 1 (70% complete) Direct materials Direct labor Manufacturing overhead

Total work in process, January 1 Started in production during January Costs added:

Direct materials Direct labor Manufacturing overhead Total costs added during January

10,000

40,000

$ 36,000 18,000 24,000 $ 78,000

$108,000 48,000 60,600 $216,600

Work in process, January 31 (80% complete) Materials are added at the beginning of the process. Round unit costs to two decimal places

1. Compute the cost per equivalent unit of production for materials using the weighted average 2. Compute the cost per equivalent unit of production for conversion using the weighted average method 3. Compute the cost of goods transferred out using the weighted average method 4. Compute the cost of ending work in process using the weighted average method