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Norfolk Pines Corporation manufactures wooden tree decorations that are processed in two departments. The following equivalent unit schedule was prepared for the first department for
Norfolk Pines Corporation manufactures wooden tree decorations that are processed in two departments. The following equivalent unit schedule was prepared for the first department for the month of January Materials Conversion Units completed 50,000 50,000 Units, ending work in process (EWIP) percentage complete: 5,000 x 100% 5.000 5,000 x 60% 3.000 Equivalent units of output 55.000 $3,000 Costs assigned to beginning work in process: Materials S12,500 8,400 Conversion Manufacturing costs incurred during the month: Materials S42,500 Conversion 18,100 Select and copy the following question parts (A, B and C) into the text box below and answer the question parts: (show your work to be considered for partial credit) Completion Status: Materials S42,500 Conversion 18.100 Select and copy the following question parts (A, B and C) into the text box below and answer the question parts: (show your work to be considered for partial credit) Required: A. Compute the unit cost for the month of January using the weighted average costing method. (Round answer to two decimal places.) B. Determine the cost of goods transferred out. C. Determine the cost of ending work in process
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