Exercise 2

Jones Sodas adds materials at the beginning of the process in Department A. The following information pertains to Department As work in process during April:

Units

Work in process, April 1 (60% complete as to conversion costs) . 6,000

Started in April . 40,000

Completed30,000

Work in process, April 30 (40% complete as to conversion costs) ?

Required

1. Compute the number of equivalent units for materials using the weighted-average method.
2. Compute the number of equivalent units for conversion costs using the weighted-average method.

Follow Outline:

Production Report - Weighted-Average Method Step 1: Analysis of Physical Flor of Units: Beginning WIP 0.00 Started 0.00 Step 2: Compute Equivalent Units: Material: Conversi Trans-in Completed 0.00 0.00 Spoiled Ending WIP 0.00 0.00 0.00 0.00 0.00 Step 3: Summarize the total costs to be accounted' for: Material: Conversi Trans-i Total Cost of Beginning WIP + Costs during period - Total Costs to : Step 4: Compute Cost per Equie Material: Conversi Trans-in 0.00 s completed and to units Step 5: Assign unit costs from step 4 to u in ending work-in-process inventory Completed Spoiled Ending WIP Total