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Production: Units in process, April 1, 50% complete with respect to conversion 10,000 Units completed 65,200 Units in process, April 30, 60% complete 12,000 Costs:

Production:
Units in process, April 1, 50% complete with respect to conversion 10,000
Units completed 65,200
Units in process, April 30, 60% complete 12,000
Costs:
Work in process, April 1:
Materials $40,980
Conversion costs 15,300
Total $56,280
Current costs:
Materials $125,000
Conversion costs 210,000
Total $335,000

Carter uses the weighted average method.

Required:

1. Prepare an equivalent units schedule.

Carter Inc.
Schedule of Equivalent Units
(Weighted Average Method)
Materials Conversion
Units completed
Add: Units in ending WIP x Percent complete
%
%
Equivalent units of output

2. Calculate the unit cost. Round all intermediate calculations and final answer to the nearest cent. $per unit

3. Calculate the cost of units transferred out and the cost of EWIP. In your calculations round unit cost to the nearest cent and your final answers to the nearest dollar.

Cost transferred out $
Cost of ending work in process $

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