Question
Solve the Weighted Average Questions using the information below: Each product must pass through the Assembly Department and the Testing Department. The Tock Clock Company
Solve the Weighted Average Questions using the information below: Each product must pass through the Assembly Department and the Testing Department. The Tock Clock Company manufactures a single type of clock on a highly automated assembly line. Its costing system uses two cost categories, direct materials and conversion costs. Direct materials are added at the beginning of the production process. Conversion costs are allocated evenly throughout production. Tock Clock Company uses weighted-average costing.
Data for the assembly department for June 2020 are:
Work in process beginning inventory: 250 units
Direct materials (100% complete)
Conversion cost (50% complete)
Units started during June 800 units
Work in process ending inventory: 150 units
Direct Materials (100%)
Conversion cost (75% complete)
Cost for June 2020:
Work in process, beginning inventory:
Direct Materials $90,000
Conversion cost $135,000
Direct Material cost added during June $500,000
Conversion cost added during June $500,000
What are the equivalent units for direct materials during this period (June 2020)?
1,200.5 units | ||
1,050 units | ||
1,012.5 units | ||
962 units |
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