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i can't figure out how to get the conversion on part B for cost added this period. please explain when help is provided. thank you!
i can't figure out how to get the conversion on part B for cost added this period. please explain when help is provided. thank you!
Midway Metal, which uses the weighted average method, produces wire baskets in two departments, Bending and Painting. The Work in Process Inventory T-account for the Bending department is shown below. The 3,100 units in beginning work in process invontory had direct materials costs of $3,500 and conversion costs of $2,700. Also shown is unit data for the Bending department this period. a. Compute equivalent units of production for both direct materials and conversion. b. Compute cost per equivalent unit of production for both direct materials and conversion. c. Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. Compute equivalent units of production for both direct materials and conversion. Compute cost per equivalent unit of production for both direct materials and conversion. (Round "Cost per EUp" to 2 decimal places.) Assign costs to the department's output-specifically, to the units transferred out and to the units in ending work in process inventory. (Round "Cost per EUP" to 2 decimal places.) Step by Step Solution
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