Question
Ridgeway Co. has provided the following information: Work in Process: April 1 4,600 units (100% complete for materials, 90% complete for conversion) Materials $ 18,500
Ridgeway Co. has provided the following information:
Work in Process: April 1 | 4,600 | units | |
(100% complete for materials, 90% complete for conversion) | |||
Materials | $ | 18,500 | |
Conversion | $ | 17,500 | |
Units started | 83,000 | units | |
April costs | |||
Materials | $ | 360,650 | |
Conversion | $ | 384,375 | |
Work in Process: April 30 | 11,900 | units | |
(70% complete for materials, 10% complete for conversion) | |||
Using the weighted average method of process costing, complete each of the following: a. How many units were completed and transferred to Finished Goods?
b. Calculate equivalent units.
c. Calculate cost per equivalent unit. (Round your intermediate calculations and final answer to 4 decimal places.)
d. What is the dollar amount transferred to Finished Goods? (Round your intermediate calculations to 4 decimal places and final answer to the nearest whole dollar amount.)
e. Calculate the cost of the ending Work in Process. (Round your intermediate calculations to 4 decimal places and final answer to the nearest whole dollar amount.)
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