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Calculate Equivalent Units, Unit Costs, and Transferred CostsWeighted Average Method

Godfrey Manufacturing, Inc., operates a plant that produces its own regionally-marketed Spicy Steak Sauce. The sauce is produced in two processes, blending and bottling. In the Blending Department, all materials are added at the start of the process, and labor and overhead are incurred evenly throughout the process. Godfrey uses the weighted average method. The following data from the Work in ProcessBlending Department account for January 2016 is missing a few items:

Work in Process-Blending Department
January 1:. inventory (5,000 gallons, 60% processed)
Direct material	$30,000
Conversion costs	14,750
Transferred to Bottling Department (60,000 gallons)
January charges:
Direct material (61,000 gallons)	381,250
Direct labor	184,000
Manufacturing overhead	122,000
January 31 inventory [ ? gallons, 70% processed]

Required

Assuming Godfrey uses the weighted average method in process costing, calculate the following amounts for the Blending Department:

Number of units in the January 31 inventory.

Equivalent units for materials and conversion costs.

January cost per equivalent unit for materials and conversion costs.

Cost of the units transferred to the Bottling Department.

Cost of the incomplete units in the January 31 inventory.

Round average cost per equivalent unit to four decimal places. Use rounded answers for subsequent calculations. Round other answers to the nearest whole number.

Godfrey Manufacturing,Inc. Blending Department Flow of Units and Equivalent Units Calculation, January 2016
		Equivalent Units
		% Work done	Direct Materials	% Work Done	Conversion Costs
Complete/Transferred
Ending Inventory
Total		b.				b.

Product Cost Report
			Direct Materials		Conversion Costs
Beginning Inventory
Current
Total Costs to Account For
Total Equivalent Units
Average cost / Equivalent unit (round four decimal places)				c.		c.
Complete / Transferred:
Direct Materials
Conversion costs
Cost of Goods Manufactured		d.
Ending Inventory:
Direct Materials
Conversion costs
Cost of Ending Inventory		e.
Total Costs Allocated

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