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Equivalent Units and Product Cost AssignmentWeighted Average Method
finished with respect to conversion.
Assuming Allred uses the weighted average method and that materials are added at the beginning of the process and conversion occurs evenly, compute the following:
a The equivalent units for material and conversion.
b The cost per equivalent unit for material and conversion.
c The total cost assigned to the units transferred out.
d The total cost assigned to the ending inventory.
e Prove that your solutions to requirements c and d sum to the total costs to be accounted for.
Round average cost per equivalent unit to two decimal places, if applicable.
Round other answers to the nearest whole number, when appropriate.
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