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Watermelon Company uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Watermelon Company uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below: Description Beginning work in process inventory: Units Materials costs Conversion costs Materials percent complete Conversion percent complete Units started into production Units completed and transferred Materials cost added during the month Conversion cost added during the month Ending work in process inventory: Units Materials percent complete Conversion percent complete Amount 830 units $12,300 $14,700 95% 65% 10,300 units 9,400 units $133,776 $210,148 4,700 units 80% 60% What are the equivalent units for conversion? What is the cost per equivalent unit for materials? What is cost of ending work in process closest to? 12,220 units v $277,300 12,455 units 9,940 units 12,220 units
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