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Use this information for Questions 1, 2, 3 and 4. Wacky Manufacturing following for August: uses the weighted average method showing the Percent Complete Units
Use this information for Questions 1, 2, 3 and 4. Wacky Manufacturing following for August: uses the weighted average method showing the Percent Complete Units Materials Conversion Work in process, beginning Started into production Completed and transferred out Work in process, ending 800 75% 50% 15,000 13,800 2,000 80% 40% Materials Conversion $ 2,540 215,000 Work in process, beginning 4,640 Cost added during August 97,000 1. Determine the equivalent units of production for materials and conversion costs (show calculations): 2. Determine the cost per equivalent unit for materials and conversion costs (show calculations): 3. Determine the cost of ending work in process inventory (show calculations): 4. Determine the cost of units transferred out of the department during the month (show calculations)
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