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Please answer as soon as you can. A sincere answer would be rated positive instantly. Thank you Q3: Huzaifa's company uses the weighted average method
Please answer as soon as you can. A sincere answer would be rated positive instantly. Thank you
Q3: Huzaifa's company uses the weighted average method in its process costing system. During August, the Swiss Assembly department completed its processing of 25,000 units and transferred them to the next department. The cost of beginning inventory and costs added during August amounted to $599,780 in total. The ending work in process inventory in August consisted of 3,000 units, which were 80% complete with respect to Materials and 60% complete with respect to Conversion. The costs per equivalent unit for the month were as follows: Materials Conversion Cost per equivalent unit $12.50 $9.60 Instructions: a. Compute the equivalent units of Materials and Conversion in the ending work in process inventory for the month. [ 2 Marks ] b. Compute the cost of ending work in process inventory and of the units transferred to the next department for August ( 2 Marks ]Step by Step Solution
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