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 of the fabrication process$)$:

Production:

Units in process, April $1,50\%$ complete with respect to conversion $10,000$

Units completed $65,200$

Units in process, April $30,60\%$ complete $12,000$

Costs:

Work in process, April $1$:

Materials $$40,980$

Conversion costs $14,300$

Total $$55,280$

Current costs:

Materials $$125,000$

Conversion costs $210,000$

Total $$335,000$

Carter uses the weighted average method.

Required:

Question Content Area

$1.$ Prepare an equivalent units schedule.

Carter Inc.

Schedule of Equivalent Units

$($Weighted Average Method$)$

Materials Conversion

Units completed fill in the blank b$0139803307$d$012\_1$

fill in the blank b$0139803307$d$012\_2$

Add: Units in ending WIP x Percent complete

fill in the blank b$0139803307$d$012\_3$

$\backslash$times fill in the blank b$0139803307$d$012\_4$

$\%$ fill in the blank b$0139803307$d$012\_5$

fill in the blank b$0139803307$d$012\_6$

$\backslash$times fill in the blank b$0139803307$d$012\_7$

$\%$ fill in the blank b$0139803307$d$012\_8$

Equivalent units of output fill in the blank b$0139803307$d$012\_9$

fill in the blank b$0139803307$d$012\_10$

Question Content Area

$2.$ Calculate the unit cost. Round all intermediate calculations and final answer to the nearest cent.

$fill in the blank c$5$fe$29$fd$4056$fe$1\_1$

per unit

$3.$ Calculate the cost of units transferred out and the cost of EWIP. In your calculations round unit cost to the nearest cent and your final answers to the nearest dollar.

Cost transferred out $fill in the blank c$5$fe$29$fd$4056$fe$1\_2$

Cost of ending work in process $fill in the blank c$5$fe$29$fd$4056$fe$1\_3$