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Shelly's Machinery uses the weighted average method in its process costing system. The data comes from records of the initial processing department from the past
Shelly's Machinery uses the weighted average method in its process costing system. The data comes from records of the initial processing department from the past month 120 90% 20% Work in process, beginning: Units in process Percent complete with respect to materials Percent complete with respect to conversion Costs in the beginning inventory: Materials cost Conversion cost Units started into production during the month Costs added to production during the month: Materials cost Conversion cost Work in process, ending: Units in process Percent complete with respect to materials Percent complete with respect to conversion $18,600 $9,800 240 $48,644 $182,555 80 80% 75% a. How many units were transferred to the next department during the month? a. Use the inventory formula to compute by using units instead of $s. + 11 b. What were the equivalent units of production for materials and for conversion costs for the month? b. Use the following template: Materials Conversion Units transferred to the next department Ending work in process inventory: Materials Conversion Equivalent units of production c. What were the costs per equivalent unit of production for materials and for conversion costs for the month? c. Use the following template: Materials Conversion Cost of beginning work in process inventory Costs added during the period Total cost Equivalent units of production Cost per equivalent unit Total d. What was the cost of the ending work in process inventory in the department at the end of the month d. Use the following template: Materials Conversion Ending work in process inventory: Equivalent units of production Cost per equivalent unit Cost of ending work in process inventory e. What was the cost of the units completed and transferred to the next department during the month? e. Use the following template: Materials Conversion Total Units completed and transferred out: Units transferred to the next department Cost per equivalent unit Cost of units completed and transferred out
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