Weighted Average Refroidir Co, produces refrigerators and has two manufacturing divisions: fabrication and assembly. Materials are added at the beginning of process in each department. In September, the fabrication division reported the following: 400 1,600 Fabrication Division--Production: Units in process, September 1, 60 percent complete Units completed Units in process, September 30, 40 percent complete Costs: Work in process, September 1: Materials 200 Conversion costs $ 94,000 32,000 Total $125,000 Current costs: Materials Conversion costs $302,000 94,000 Total $396,000 Required: 1. Using the weighted average method, prepare an equivalent units schedule for the fabrication division. Refroidir Co. Schedule of equivalent units (Weighted Average Method) Physical flow schedule: Units in beginning work in process Units started during the period Total units to account for Units completed and transferred out: Units started and completed Units completed from beginning work in process Units in ending work in process Total units accounted for Conversion Materials Units completed Units, EWIP Conversion Materials Units completed Units, EWIP Equivalent units Conversion Materials Costs to account for: Beginning work in process Added in September Total costs to account for 2. Calculate the unit cost for the materials and conversion cost categories for the fabrication division Conversion cost Materials 3. Calculate the cost of units transferred out and the cost of EWIP for the fabrication division Total costs transferred out Total cost of ending work in process Weighted Average Refroidir Co, produces refrigerators and has two manufacturing divisions: fabrication and assembly. Materials are added at the beginning of process in each department. In September, the fabrication division reported the following: 400 1,600 Fabrication Division--Production: Units in process, September 1, 60 percent complete Units completed Units in process, September 30, 40 percent complete Costs: Work in process, September 1: Materials 200 Conversion costs $ 94,000 32,000 Total $125,000 Current costs: Materials Conversion costs $302,000 94,000 Total $396,000 Required: 1. Using the weighted average method, prepare an equivalent units schedule for the fabrication division. Refroidir Co. Schedule of equivalent units (Weighted Average Method) Physical flow schedule: Units in beginning work in process Units started during the period Total units to account for Units completed and transferred out: Units started and completed Units completed from beginning work in process Units in ending work in process Total units accounted for Conversion Materials Units completed Units, EWIP Conversion Materials Units completed Units, EWIP Equivalent units Conversion Materials Costs to account for: Beginning work in process Added in September Total costs to account for 2. Calculate the unit cost for the materials and conversion cost categories for the fabrication division Conversion cost Materials 3. Calculate the cost of units transferred out and the cost of EWIP for the fabrication division Total costs transferred out Total cost of ending work in process
