Problem 5-14 Analysis of Work in Process T-account-Weighted-Average Method [LO5-1, LO5-2, LO5-3, LO5-4] 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 T-account for the Grinding Department for May is given below Work in Process-Grinding Department Inventory, May 1 178,000Completed and transferred to the Mixing Department Materials 724,040 402,000 Conversion Inventory, May 31 The May 1 work in process inventory consisted of 50,000 pounds with $109,000 in materials cost and $69,000 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 306,000 pounds were started into production. The May 31 inventory consisted of 140,000 pounds that were 100% complete with respect to materials and 70% complete with respect to conversion. The company uses the weighted-average 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 Required 1Required 2 Required 3 Required 4 Compute the Grinding Department's equivalent units of production for materials and conversion in May Materials Conversion Equivalent units of production Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. (Round your answers to 2 decimal places.) Materials Conversion Cost per equivalent unit Required 1 Required 3 Complete this question by entering your answers in the tabs below Required 1 Required 2Required 3Required 4 Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Conversion otal Cost of ending work in process inventory Required 2 Required 4 > Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3Required 4 Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May. (Round your intermediate calculations to 2 decimal places.) Materials Total Conversion Cost of units completed and transferred out Required 3 Required 4
