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Please use weighted average method Willow Co makes snow blowers. Materials are added at the beginning of the process and conversion costs are uniformly incurred.
Please use weighted average method
Willow 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: Beginning work-in-process inventory Units started Units completed and placed in finished goods Cost added during the period Cost of direct materials 1,500 units 2,000 units 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 WIPStep by Step Solution
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