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Nonuniform Inputs, Weighted Average Carter Inc. had the following production and cost information for its fabrication department during April (with materials added at the beginning
Nonuniform Inputs, Weighted Average Carter Inc. had the following production and cost information for its fabrication department during April (with materials added at the beginning the fabrication process): Production: Units in process, April 1, 50% complete with respect to conversion 10,000 65,200 Units completed Units in process, April 30, 60% complete 12,000 Costs Work in process, April 1: Materials $40,980 Conversion costs 15,600 Total $56,580 Current costs: Materials $125,000 Conversion costs 210,000 Total $335,000 Carter uses the weighted average method. Required: Carter uses the weighted average method. Required: 1. Prepare an equivalent units schedule. Carter Inc. Schedule of Equivalent Units (Weighted Average Method) Materials Conversion Units completed Add: Units in ending WIP x Percent complete %. % Equivalent units of output I intermediate calculations and final answer to the nearest cent. 2. Calculate the unit cast. Round per unit 3. Calculate the cost of units transferred out and the cast of EWIP. In your calculations round unit cost to the nearest cent and your final answers to the nearest dollar. Cost transferred out Cost of ending work in process
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