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Please show all steps so I can understand. Wowley Co makes snow blowers. Materials are added at the beginning of the process and conversion costs
Please show all steps so I can understand.
Wowley Co makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred. At the beginning of September, the work-in-process is 40 percent complete and at the end of the month it is 60 percent complete for conversion costs. Other data for the month include: 1,500 units 2,000 units Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct materials 3,000 units $245,000 Conversion costs $202,400 Beginning work-in-process costs Materials $175,000 Conversion $76,000 Required: a) Determine the equivalent units of production for materials and conversion costs. b) Determine the cost per equivalent unit for materials and conversion costs. c) Prepare a production cost worksheet with supporting of process costing to show amount transferred out of WIP and the amount remaining in ending WIP
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