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The following data pertain to Tulsa Paperboard Company, a manufacturer of cardboard boxes. Work in process, February 1 Direct material Conversion Costs incurred during February
The following data pertain to Tulsa Paperboard Company, a manufacturer of cardboard boxes. Work in process, February 1 Direct material Conversion Costs incurred during February Direct material Conversion 11,000 units* $ 20,800 17,300 $197,200 85,050 *Complete as to direct material; 35% complete as to conversion. The equivalent units of activity for February were as follows: Direct material (weighted average method) Conversion (weighted average method) Completed and transferred out 109,000 89,000 84,000 Required: Compute the following amounts using weighted-average process costing. 1. Cost of goods completed and transferred out during February. 2. Cost of the February 28 work-in-process inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of goods completed and transferred out during February. (Round "Costs per equivalent unit" to 2 decimal places.) Cost of goods completed and transferred out Required 1 Required 2 Required: Compute the following amounts using weighted-average process costing. 1. Cost of goods completed and transferred out during February. 2. Cost of the February 28 work-in-process inventory. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the cost of the February 28 work-in-process inventory. (Round "Costs per equivalent unit" to 2 decimal places.) Direct material Conversion Total
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