Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
Figure out: Weighted Average Method The equivalent units that are in the Work In Process account. What their per unit material cost is. And what
Figure out: Weighted Average Method
- The equivalent units that are in the Work In Process account.
- What their per unit material cost is.
- And what the per unit conversion cost is.
Rogers Inc. uses process costing method under weighted average method. January 1st its work in process were 15000 units with 100% completion of materials and 30% completion for conversion cost. 40,000 units were added to the current period. At the end of the period 15000 unit in ending work in process with 25% completion.
Cost at the beginning work in process:
Material: 17000
Conversion: 14200
Cost incurred during period:
Material: 191360
Conversion:125767
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started