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Swan Corporation began work on 3 , 0 3 0 units this period. Work in Process Inventory was 5 2 0 at the beginning of
Swan Corporation began work on units this period. Work in Process Inventory was at the beginning of the period
complete and at the end of the period complete Beginning inventory costs were $ for conversion costs and $
for direct materials. During the period, Swan incurred $ for conversion costs and $ for direct materials. Swan uses the
weightedaverage method of process costing. All direct materials are added at the beginning of the process, and conversion costs are
incurred evenly throughout the process.
Required:
Using the weightedaverage method, determine the following:
a Physical units completed during the period
b Equivalent units for direct materials
c Equivalent units for conversion costs
d Cost per equivalent unit for direct materials
Note: Round your answer to decimal places.
e Cost per equivalent unit for conversion costs
Note: Round your answer to decimal places.
f Cost assigned to ending Work in Process Inventory
Note: Round your intermediate calculation to decimal places and final answer to the nearest whole dollar amount.
g Cost assigned to goods completed and transferred out
Note: Round your intermediate calculation to decimal places and final answer to the nearest whole dollar amount.
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