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The XYZ Company uses the weighted-average method in its process costing system. The following data concerning the operations for the company's Mixing Department for the
The XYZ Company uses the weighted-average method in its process costing system. The following data concerning the operations for the company's Mixing Department for the most recent month: Percent Complete Units Materials Conversion Beginning WIP 400 90% 40% Ending WIP 50% 30% 100 Material Cost in Beginning WIP Conversion Cost in Beginning WIP Units Started into Production Units Transferred to the next Department Material Cost added in the month Conversion Cost added in the month S756 $4,448 13,000 13,300 $29,949 S362,127 Required: 1. Determine the Equivalent Units for Materials and Conversion 2. Determine the Cost per Equivalent Unit for Material and Conversion 3. Determine the value of the units transferred to the next department 4. Determine the value of ending inventory
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