Process Costing (Food Processing Company)

Item	Amount
Units started and completed	50,000 units
Beginning work in process	10,000 units
Ending work in process	5,000 units

• Requirements:
  • Calculate the equivalent units of production for direct materials and conversion costs using the weighted average method.
  • Prepare a cost per equivalent unit schedule.
  • Allocate costs to units completed and ending work in process.