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Trojan Golf Products, Inc. manufactures golf related novelty products with a decided Trojan flavor. One product is Trojan golfballs that require molding and packaging to
Trojan Golf Products, Inc. manufactures golf related novelty products with a decided Trojan flavor. One product is Trojan golfballs that require molding and packaging to be ready for shipment to the customer. The following information concerns production in the Molding Department for November. All direct materials are placed in to the process at the beginning of production, and conversion costs are incurred evenly thoughout the process. The beginning inventory consists of $36,000 of direct materials The Company uses the weighted average method. Prepare calculations necessary to calculate: a. Amount of whole units transferred out b. Number of equivalent units for Direct Materials and Conversion Costs c. The cost per equivalent unit for Direct Materials and Conversion Costs d. The amount of cost assigned to the units that were completed during the month e. The amount of cost assigned to the ending WIP inventory
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