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Please do all parts of the problem. Yoder Company uses the weighted average method in its process costing system. The following data pertain to operations
Please do all parts of the problem.
Yoder Company uses the weighted average method in its process costing system. The following data pertain to operations in the first processing department for a recent month: 400 65% 10% | Work in process, beginning: Units in process ............. Percent complete with respect to materials ......... Percent complete with respect to conversion Costs in the beginning inventory: Materials cost.............. Conversion cost ........................ Units started into production during the month Units completed and transferred out during the month. Costs added to production during the month: Materials cost............................................................... Conversion cost ..................................... Work in process, ending: Units in process ............ Percent complete with respect to materials ................. Percent complete with respect to conversion .............. $5,300 $900 5,600 4,900 $94,400 $95,400 1,100 85% 45% Calculate the equivalent units of production for both Materials and Conversion and calculate the cost per equivalent unit for both Materials and Conversion. Then calculate the cost of the ending work in process inventory and calculate the cost of goods transferred to the next departmentStep by Step Solution
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