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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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