Question
Question 3: Process costing 25 MARKS a. Wellington Management Company uses the weighted-average method in its process costing system. The following data concern the operations
Question 3: Process costing 25 MARKS a. Wellington Management Company uses the weighted-average method in its process costing system. The following data concern the operations of the companys second processing department for February:
Work in process, beginning
Units in process 450
Percent complete with respect to materials 65%
Percent complete with respect to conversion 25%
Costs in the beginning WIP inventory:
Materials cost $456
Conversion cost $3,235
Units started into production during the month 18,000
Units completed and transferred out 30,500
Costs added to production during the month:
Materials cost $52,000
Conversion cost $570,000
Work in process, ending:
Units in process 750
Percent complete with respect to materials 75%
Percent complete with respect to conversion 35%
i. Determine the equivalent units of production for materials and conversion for the month. (6 marks)
ii. Determine the costs per equivalent unit for materials and conversion for the month.
(6 marks)
Plz answer just question ii
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