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Hunar Inc. uses the weighted-average method in its process costing system.The following data concern the operations of the company's first processing department for a recent

Hunar Inc. uses the weighted-average method in its process costing system.The following data concern the operations of the company's first processing department for a recent month:

Required:

Using the weighted-average method,

a.Determine the equivalent units of production for materials and conversation costs

(4 marks)

b.Determine the cost per equivalent unit for materials and conversion costs (4 marks)

c.Determine the cost of units transferred out of the department during the month

(3 marks)

Determine the cost of ending work-in-process inventory in the department (4 marks

image text in transcribed
Work in process. beginning: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Costs in the beginning inventory: Materiais cost Conversion cost Units started into production during the month Units completed and transerred out Costs added to production during the month: Materiais cost Conversion cost Work in process, ending: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 800 50% 20% $2,440 $4,928 1 5.000 1 5,600 $96,470 $476,362 200 50% 90%

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