Question
New Denver Co. had materials costs of $300,000 and conversion costs of $214,200 that were charged to a processing department in the month of September.
New Denver Co. had materials costs of $300,000 and conversion costs of $214,200 that were charged to a processing department in the month of September. Materials are added at the beginning of the process; conversion costs are incurred uniformly throughout the process. There were no units in beginning Work in Process, 100,000 units were started into production in September, and there were 8,000 units in ending Work in Process that were 40% complete IN the end of September.
1.Given the information above for New Denver Co., what are the total equivalent unit for conversion costs if the weighted-average method is used?
2.Given the information above for New Denver Co., what is the cost per equivalent unit for conversion costs if the weighted-average method is used?
3.Given the information above for New Denver Co., what was the total amount of manufacturing costs assigned to the units that were completed and transferred out of the process in September if the weighted-average method is used?
4.Given the information above for New Denver Co., what was the total amount of manufacturing costs assigned to the 8,000 units in the ending Work in Process if the weighted-average method is used?
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