Reqiured :

1. Calculate the equivalent units for January using the Weighted Average method including the physical units reconciliation (10marks) .

2. Calculate the cost per equivalent unit for January using the weighted Average method \ 3 mar ks )

Overline Merge Cell CLICK HERE TO SAVE YOUR WORK A B 1 D E F G H - 2 Process Costing - Weighted Average Method (26 marks) 3 4 5 6 Juice & Fruit Company uses a Weighted Average process costing system. Conversion costs incur evenly throughout the process. Direct Materials are added at the beginning of the process. Inspection occurs when production is 75% complete. 8 Normal spoilage is 4% of good units completed. 9 10 The following is additional information for the month of January 2018: 11 12 13 Beginning WIP (30% complete) 14 Started in January 15 Completed in January 16 Ending WIP (60% complete) 17 Physical units 20,000 210,000 196,000 24,000 18 Costs $65,000 $73,000 19 Beginning work in process costs 20 Direct materials 21 Conversion costs 22 Costs incurred during January 23 Direct materials 24 Conversion costs 25 26 Required: 27 $869,400 $2,373,280 Question Answer Sheet3 New