Answered step by step
Verified Expert Solution
Question
1 Approved Answer
system. Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion 2. Compute the Grinding Department's costs per equivalent unit for
system. Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for M 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conv 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for ma May. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's equivalent units of production for materials and conversion in May. Equivalent units of production Materials 398,000 Conversion 64,400 X Required 2> Prev 4 of 5 Next > Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materia May. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. (Round you decimal places.) Materials Conversion Cost per equivalent unit S 2.10 9.78 < Prev 4 of 5 Next > 5,669 PEB process costing system. Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conve May. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for M (Round your intermediate calculations to 2 decimal places.) Materials Conversion Total 193,200 $ 629,832 $ 823,032 Required 4> Cost of ending work in process inventory < Required 2 < Prev 4 of 5 Next > 5,669 2 FEB 15 process costing system. Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May. 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, ar 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, c May. Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion total for May. (Round your intermediate calculations to 2 decimal places.) Cost of units completed and transferred out $ Materials 835,800 Conversion $ 3,892,440 ( Total $ 4,728,240 x < Required 3 < Prev 4 of 5 Next > Help Save & Exit Submit Problem 5-14 (Algo) Analysis of Work in Process T-account-Weighted-Average Method [LO5-1, LO5-2, LO5-3, LO5-4] Weston Products manufactures an industrial cleaning compound that goes through three processing departments-Grinding, Mixing. and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below: Mork in Process-Grinding Department Debit Inventory, May 1 Materials Conversion Inventory, May 31 Credit 281,600 Completed and transferred to the Mixing Department 2 680,600 503,200 Check my work The May 1 work in process inventory consisted of 80,000 pounds with $155,200 in materials cost and $126,400 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 318,000 pounds were started into production. The May 31 inventory consisted of 92,000 pounds that were 100% complete with respect to materials and 70% complete with respect to conversion. The company uses the weighted-average method in its process costing system. Required: 1. Compute the Grinding Department's equivalent units of production for materials and conversion in May. 2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May 3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May 4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May Complete this question by entering your answers in the tabs below. < Prev 4 of 5 Next >
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started