PROBLEM 4-14 Analysis of Work in Process T-account-Weighted-Average Method [- LO4-1, (1) LO4-2, [1) LO4-3, LO4-4 Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process Taccount for the Grinding Department for May is given below: The May I work in process inventory consisted of 18,000 pounds with $14,600 in materials cost and $7,200 in conversion cost. The May I work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 167,000 pounds were started into production. The May 31 inventory consisted of 15,000 pounds that were 100% complete with respect to materials and 60% complete with respect to conversion. The company uses the weightedaverage method in its process costing system. Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May, 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May. Cost of ending work in process inventory and units transferred out Cost per equivalent unit Cost of units completed and transferred out Transferred to next department* Materials Conversion Ending work in process: Materials: units x complete Conversion: units x complete ... Equivalent units of production. *Units transferred to the next department = Units in beginning work in process + Units started into production - Units in ending work in process = = 3&4. Cost of ending work in process inventory and units transferred out