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Question: Alvis Construction Supply Company has a department that man. Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in
Question: Alvis Construction Supply Company has a department that man. Alvis Construction Supply Company has a department that manufactures wood trusses (wood frames used in the construction industry). The following information is for the production of these trusses for the month of February: Work in Process February 1st Direct Materials Cost 100% Conversion 20% complete Units Started During February Units completed during February and transferred out Work in Process Inventory February 29th Direct Materials Inventory 100% complete Conversion 40% complete Costs incurred during February Direct Materials 4,000 trusses S100,000 S150,000 18,000 trusses 17,000 trusses S59,500 Conversion S92,250 Using the weighted average method complete the following 1. Costs per equivalent unit. 2. Cost of goods completed and transferred out. 3. Cost remaining in the ending work-in-process inventory
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