Question
*****Use the following data to answer the next two (2) questions***** Weighted-Average Process Costing Gygax Corporation makes Bubbles from Ooze using a weighted-average process costing.
*****Use the following data to answer the next two (2) questions*****
- Weighted-Average Process Costing
Gygax Corporation makes Bubbles from Ooze using a weighted-average process costing. At the end of the period, they had the following data:
Beginning units in WIP 8,000 Costs in Beginning WIP:
Units started 4,000 DM $23,000
Units transferred out 2,600 Conversion $32,000
Current costs:
DM $71,000
Conversion $61,400
Direct materials are added at the beginning of the process. Ending inventory is 75% complete for direct labor and manufacturing overhead.
- How many equivalent units are used to calculate the unit cost of direct materials?
ANSWER: __________________(7 PTS.)
- How m any equivalent units are used to calculate the unit cost of conversion?
ANSWER: __________________(7 PTS.)
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Financial Accounting Introduction To Concepts Methods And Uses
Authors: Clyde P. Stickney, Roman L. Weil
11th Edition
0324222971, 978-0324222975
