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Question 9 (15 points) Jordana Woolens is a manufacturer of wool cloth and uses the weighted average method of process costing. Data for March is
Question 9 (15 points) Jordana Woolens is a manufacturer of wool cloth and uses the weighted average method of process costing. Data for March is attached in the following spreadsheet: Process Costing Data and Template Beginning work in process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete. Required: Using the attached spreadsheet, determine the physical units in ending inventory, equivalent units, cost per equivalent unit, and costs assigned to inventory transferred out and in ending inventory for both direct materials and conversion costs. You may reattach the spreadsheet with your completed calculations or type your answers below. Question 9 (15 points) Jordana Woolens is a manufacturer of wool cloth and uses the weighted average method of process costing. Data for March is attached in the following spreadsheet: Process Costing Data and Template Beginning work in process was half converted as to labor and overhead. Direct materials are added at the beginning of the process. All conversion costs are incurred evenly throughout the process. Ending work in process was 60% complete. Required: Using the attached spreadsheet, determine the physical units in ending inventory, equivalent units, cost per equivalent unit, and costs assigned to inventory transferred out and in ending inventory for both direct materials and conversion costs. You may reattach the spreadsheet with your completed calculations or type your answers below
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