I. GOTCHA CO. Weighted Average Cost Method.

The manufacture of product XT-123 is begun in Dept. No. 1. From there it goes to Dept. No. 2, where the product is completed. Upon completion, it is sent to Finished-Goods Storage in the warehouse.

At the END of processing in each department, the units of products are inspected; only those that pass inspection are sent to Dept. No. 2 and to Finished-Goods Storage, respectively.

The spoiled units (both normal and abnormal spoilage) cannot be salvaged, have no scrap value, and are thrown away.

Prepare a calculation of equivalent units, for Dept. No. 1, using weighted average costing method. Include physical units. Also calculate equivalent unit costs (round to 2 decimal points).

You do NOT need to make a statement to assign costs.

You will need to calculate the amount going (transferred) from Dept.1 to Dept.2.

Flag question: Spacer

Dept #1

All (100%) direct materials are added at the beginning of the process. Conversion costs are added evenly throughout the process.

WIP Beginning:

Number of units 600 [100 % complete as to materials]

[66.67% complete as to conversion costs]

Raw materials $2,844

Conversion costs $3,120

WIP Ending:

Number of units 1,400 [ ?? % Complete as to materials]

[50% complete as to conversion costs]

Abnormal spoilage 60 units

Normal spoilage 140 units

Costs added during the month:

Materials $19,800

Conversion costs $34,260

Units started in Dept 1 ??? (You calculate working backwards from Dept 2)

Pertinent information from Dept #2 (see following information)

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Dept #2

All (100%) direct materials are added at the 50% completion of the process. Conversion costs are added evenly throughout the process.

WIP Beginning:

Number of units 2,000 [ 0 % complete as to materials]

[25 % complete as to conversion costs]

Transferred - In $30,280

Raw materials $ -0-

Conversion costs $ 6,200

WIP Ending:

Number of units 800 [ ?? % Complete as to materials]

[ 75% complete as to conversion costs]

Abnormal spoilage -0- units

Normal spoilage 40 units

Units transferred in ??? (You calculate)

Units transferred out to finished goods warehouse 3,960

Costs added during the month:

Materials $15,140

Conversion costs $52,860

[Answer Q#30 - Q#33 for Dept 1]

Flag question: Question 30

Question 301 pts

The equivalent units for Conversion Costs is

Group of answer choices

3,700

4,000

4,400

3,800

4,100

Flag question: Question 31

Question 311 pts

The unit cost for Direct Materials is

Group of answer choices

$5.00

$5.25

$5.15

$5.96

$5.66

Flag question: Question 32

Question 321 pts

The unit cost for Conversion Cost is

Group of answer choices

$8.50

$9.26

$9.35

$9.77

$10.10

Flag question: Question 33

Question 331 pts

The number of units to account for is

Group of answer choices

3,800

4,400

2,800

4,000

4,200

Flag question: Spacer

Prepare a calculation of equivalent units for Dept. No. 2, using weighted average costing method. Include physical units. Also calculate equivalent unit costs (round to 2 decimal points).

You do NOT need to make a statement to assign costs.

You will need to calculate the amount going from Dept.1 to Dept.2.

[Answer Q#34 to Q#37 for Dept #2]

Flag question: Question 34

Question 341 pts

The number of units in Dept 2 to account for is

Group of answer choices

2,800

4,400

4,800

5,800

4,200

Flag question: Question 35

Question 351 pts

The unit cost for Direct Materials is

Group of answer choices

$3.15

$3.29

$3.79

$3.60

$3.98

Flag question: Question 36

Question 361 pts

The equivalent units in Dept 2 for Conversion Costs is

Group of answer choices

4,400

4,800

4,600

3,960

4,760

Flag question: Question 37

Question 371 pts

The unit cost for Transferred-In is

Group of answer choices

$6.31

$15.65

$9.34

$6.58

$12.32