Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. This is the companys production schedule for May: Tons of Pulp Percent Completed Materials Conversion Work-in-Process Inventory, May 1 3,000 100% 50% Started during May 10,000 Units to account for 13,000 Units from beginning Work-in-Process, which were completed and transferred out during May 3,000 Started and completed during May 6,000 Work-in-Process Inventory, May 31 4,000 100% 50% Total units accounted for 13,000 The following cost data are available: Work-in-Process Inventory, May 1 Direct materials $ 43,270 Conversion 122,170 Costs incurred during May Direct materials 154,200 Conversion 197,600
Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted-average method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method.
3 14.28 points cBook Print References Problem 6-37 (Algo) Weighted-Average Method [LO 6-2, 6-4] Weatherly Lumber Company processes wood pulp for manufacturing various paper products. The company employs a process costing system for its manufacturing operations. All direct materials are added at the beginning of the process, and conversion costs are incurred uniformly throughout the process. This is the company's production schedule for May: Work-in-Process Inventory, May 1 Started during May Units to account for Units from beginning Work-in-Process, which were completed and transferred out during May Started and completed during May Work-in-Process Inventory, May 31 Total units accounted for The following cost data are available: Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion $ 43,270 122,170 154,200 197,600 Tons of Pulp 3,000 10,000 13,000 3,000 6,000 4,000 13,000 Percent Completed Materials. Conversion 100% 50% 100% 50% Required: 1. Calculate the equivalent units of direct materials and conversion during May. Use the weighted-average method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method. Check my work 3 14.28 points eBook Print References started and completea auring may Work-in-Process Inventory, May 31 Total units accounted for The following cost data are available: Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion Required 1 Required 2 $ 43,270 122,170 154,200 197,600 Complete this question by entering your answers in the tabs below. Direct Materials Conversion 6,000 4,000 13,000 Required: Calculate the equivalent units of direct materials and conversion during May. Use the weighted-average method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method. Costs per Equivalent Unit 100% 50 Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method (Round your answers to 2 decimal places.) Check my work 3 14.28 points cBook Print References started and completea auring may Work-in-Process Inventory, May 31 Total units accounted for The following cost data are available: Work-in-Process Inventory, May 1 Direct materials Conversion Costs incurred during May Direct materials Conversion Required 1 Required 2 Calculate the equivalent units Equivalent Units $ 43,270 122,170 Complete this question by entering your answers in the tabs below. Direct Materials Conversion 154,200 197,600 Required: . Calculate the equivalent units of direct materials and conversion during May. Use the weighted-average method. 2. Calculate the cost per equivalent unit for both direct materials and conversion during May. Use the weighted-average method. 0,uuu 4,000 13,000 13.000 11,000 100% 50% direct materials and conversion during May. Use the weighted-average method. Check my work
