For a company that uses process costing, Processing Department C had the following information for the most recent month: Beginning inventory for the month contained 12,000 units that were 30 percent complete with respect to materials. During the month, 80,000 units were completed and transferred out. Ending inventory was 6,000 units, 60 percent complete with respect to materials. What would be the weighted average equivalent units of production for materials for the month?

2. For a company that uses process costing, Processing Department F had the following information for the most recent month: Units Beginning Work-in-Process Inventory (40 percent complete) 5,000 Units started during the month 18,000 Ending Work-in-Process Inventory (10 percent complete) 4,000 Materials and conversion are incurred uniformly throughout the process. What would be the equivalent units of production for conversion when using the weighted average costing method?

3. New Method Company uses a process cost system to manufacture sensors for the security industry. The company uses Weighted Average method. The following information pertains to operations of Processing Department K for the most recent month:

Units

Beginning Work-in-Process Inventory 16,000

Units completed during the month 92,000

Ending Work-in-Process Inventory 24,000

The beginning inventory was 60 percent complete for materials and 20 percent complete for conversion costs. The ending inventory was 90 percent complete for materials and 40 percent complete for conversion costs.

Costs pertaining to the month were as follows:

Beginning inventory costs: materials, $54,560; conversion cost, $35,560 Costs incurred during the month: materials used, $468,000; conversion cost, $574,040

Requirement – For Processing Department K:

A - Calculate be the total equivalent units of production for Direct Materials and Conversion Cost for Processing Department K

B - Calculate the unit cost of Materials and Conversion Cost for the month

C - Calculate the total cost of units completed and transferred out

D - Calculate the total cost of ending Work in process inventory