MacroMin Co. uses a weighted average process costing system. The following data are for the production...
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MacroMin Co. uses a weighted average process costing system. The following data are for the production department for December. The December ending work-in-process Inventory was 80% complete with respect to both materials and conversion costs. The department completed and transferred 80,000 units. Materials Conversion Percentage Percentage Units Work in process, beginning 6,400 Complete $ 11,000 (60%) Complete $ 11,600 (60%) Units started into production Costs added in December 88,000 $ 179,000 $ 164,300 Required: 1. Calculate the cost of ending Inventory for December. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Answer is complete and correct. Ending inventory $ 57.571.68 2. Assume that the equivalent number of units processed for materials for December was 94,000. Calculate the number of units Introduced and the DM cost of product in ending Inventory for December? (Round your Intermediate calculation and final answer to 2 decimal places.) Answer is not complete. Cost of product in ending inventory 3. Calculate the number of units in ending Inventory, assuming that 94,000 EUs were completed in December by the department. Ending inventory Answer is not complete. units MacroMin Co. uses a weighted average process costing system. The following data are for the production department for December. The December ending work-in-process Inventory was 80% complete with respect to both materials and conversion costs. The department completed and transferred 80,000 units. Materials Conversion Percentage Percentage Units Work in process, beginning 6,400 Complete $ 11,000 (60%) Complete $ 11,600 (60%) Units started into production Costs added in December 88,000 $ 179,000 $ 164,300 Required: 1. Calculate the cost of ending Inventory for December. (Do not round Intermediate calculations and round your final answer to 2 decimal places.) Answer is complete and correct. Ending inventory $ 57.571.68 2. Assume that the equivalent number of units processed for materials for December was 94,000. Calculate the number of units Introduced and the DM cost of product in ending Inventory for December? (Round your Intermediate calculation and final answer to 2 decimal places.) Answer is not complete. Cost of product in ending inventory 3. Calculate the number of units in ending Inventory, assuming that 94,000 EUs were completed in December by the department. Ending inventory Answer is not complete. units
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