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Problem 12-20A (Algo) Determining inventory cost using a process costing system LO 12-4 Walton Company had 100 units of product in work in process inventory
Problem 12-20A (Algo) Determining inventory cost using a process costing system LO 12-4 Walton Company had 100 units of product in work in process inventory at the beginning of the period. It started 1,500 units during the period and transferred 1,300 units to finished goods inventory. The ending work in process inventory was estimated to be 70 percent complete. Cost data for the period follow: Beginning balance Added during period Total Product Costs $ 34,820 58,800 $ 93,620 Required a. Calculate the number of equivalent units of production. b. Calculate the product cost per equivalent unit. C. Calculate the total cost allocated between ending work in process inventory and finished goods inventory. Complete this question by entering your answers in the tabs below. Req A and B Reqc Calculate the number of equivalent units of production. Calculate the product cost per equivalent unit. a. Equivalent units b. Cost per equivalent unit Screenshot
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