Question
Procter & Gamble uses the weighted-average method in its process costing. Information about boxes of Bounty manufactured during a recent month in the Pulping Department
Procter & Gamble uses the weighted-average method in its process costing. Information about boxes of Bounty manufactured during a recent month in the Pulping Department follow:
Units
Materials & Conversion % Complete
Beginning work in process inventory
15,000
40% M, 25% C
Units started into production..............
275,000
Units completed and transferred out..
?
Ending work in process inventory......
40,000
60% M, 30% C
The beginning work in process inventory in the Pulping Department had $7,500 in materials cost and $35,000 in conversion cost. During the month, the Department incurred an additional $80,000 in materials cost $375,000 in conversion cost.
a. Determine the equivalent units of production for the month in the Baking Department for materials and conversion. (4 points)
b. Determine the cost per equivalent unit of production for the month in the Baking Department for materials and conversion. (4 points)
c. Determine the cost of ending work in process inventory? (4)
d. Determine the cost of units transferred to the next department? (4)
Please show your work to get full credits on answers.
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