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Sierra Co. has provided the following information: Work in Process: Feb 1 25,900 units (100% complete for materials, 60% complete for conversion) Materials $ 36,500
Sierra Co. has provided the following information:
Work in Process: Feb 1 25,900 units (100% complete for materials, 60% complete for conversion) Materials $ 36,500 Conversion $ 33,400 Units started 80,300 units February costs Materials $ 131,000 Conversion $ 248,000 Work in Process: Feb 28 15,400 units (100% complete for materials, 20% complete for conversion)
Using the weighted average method of process costing, complete each of the following:
Sierra Co. has prov ided the following information: 25,900 units Work in Process: Feb 1 (100% complete for materials, 60% complete for conversion) Materials Conversion $ 36,500 $ 33,400 Units started February costs 80,300 units Materials Conversion $131,000 $248,000 15,400 units Work in Process: Feb 28 (100% complete for materials, 20% 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? Units completed an ansferred b. Calculate equivalent units. Materials Conversio Equivalent Units c. Calculate the cost per equivalent unit. (Round your intermediate calculations and final answers to 4 decimal places.) Direct Materials Conversion Cost per Equivalent Unit 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.) Transferred to inished Goods 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.) Ending Work in rocess
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