Question
Weston Products manufactures an industrial cleaning compound that goes through three processing departmentsGrinding, Mixing, and Cooking. All raw materials are introduced at the start of
Weston Products manufactures an industrial cleaning compound that goes through three processing departmentsGrinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:
Work in ProcessGrinding Department | |||
Inventory, May 1 | 281,600 | Completed and transferred to the Mixing Department | ? |
Materials | 680,600 | ||
Conversion | 503,280 | ||
Inventory, May 31 | ? |
The May 1 work in process inventory consisted of 80,000 pounds with $155,200 in materials cost and $126,400 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 30% complete with respect to conversion. During May, 318,000 pounds were started into production. The May 31 inventory consisted of 92,000 pounds that were 100% complete with respect to materials and 70% complete with respect to conversion. The company uses the weighted-average method in its process costing system.
Required:
1. Compute the Grinding Department's equivalent units of production for materials and conversion in May.
2. Compute the Grinding Department's costs per equivalent unit for materials and conversion for May.
3. Compute the Grinding Department's cost of ending work in process inventory for materials, conversion, and in total for May.
4. Compute the Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for May.
chagter 4-Hamework Ch13 Resource Files (Qptionalx ch 13 Homewcrkpdf + https/owconnoct.mhoducation.com/flow/loonnecthtml wwkipedia News Popular MMcGra-Hill Con.. ExmCh 1,2,31 JRart Slepefonm.. Wadd Ldition-Ih Lal Stes Record Apple Chapter 4 Homework i Suved Help Save& Exit Submis Check my work Grnding Desartment for May 1s aiven below ok in Gxi FE In, t he iin Dapatat (an ap 27.5 nmb aterils 03 280 The May 1 The May 1 work in process Inventory was 100 % complete with respect to materials and 30% complete with respect to conversion $155,200 in materials conversion cost and $126.400 consisted of 80,000 pounds omplete with respect to materials and 70 % complete with resoect to conversion, The company uses the weighted-average methodl in hs pracess costing system Print Requirad: s ter uhiet urt toratorai anri.coruercion tor Ma C d Campute ompute Grinding Department's cost of ending work in process inventory for materials, canversion, and in total far May e Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for Complete this question by entering your answers i the tabs below. Reouired Rquired Requirad Required 4 Compute the Grinding Department's equivalent units of production for materials and conversion in May Matarials Convarsion Equivalet units of production Raquirad 1 Requised 2 W aWiedgws Graw 1 of Next> Prev chagter 4-Hamework Ch13 Resource Files (Qptionalx ch 13 Homewcrkpdf + https/owconnoct.mhoducation.com/flow/loonnecthtml wwkipedia News Popular MMcGra-Hill Con.. ExmCh 1,2,31 JRart Slepefonm.. Wadd Ldition-Ih Lal Stes Record Apple Chapter 4 Homework i Suved Help Save& Exit Submit Check my work Grnding Desartment for May 1s aiven below ok in Gxi FE In, t he iin Dapatat (an ap 27.5 nmb aterils 03 280 The May 1 The May 1 work in process Inventory was 100 % complete with respect to materials and 30% complete with respect to conversion $155,200 in materials conversion cost consisted of 80.000 pounds and $126.400 omplete with respect to materials and 70 % complete with resoect to conversion, The company uses the weighted-average methodl in hs pracess costing system Print Requirad: Deaamect's.costs nor ouaiore unit tor matorlais and.comversion tor May Compute theCondi Grinding Department's cost of ending work in process inventory for materials, conversior, and in total far May e Grinding Department's cost of units transferred out to the Mixing Department for materials, conversion, and in total for Campute ompute Complete this question by entering your answers i the tabs below. Required Raquired Required Required 4 Compute the Grinding Department's costs p dadmal placAs.) r equivalent unit for materials and conversion for May. (Round your answers to 2 Materials Conversion Cast par aquhalant unitStep by Step Solution
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