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wing information to solve Q10-Q14 Step1 Material Conversion Beginning WIP Inventory 1000 Units Started on October 5000 total units 6000 Cost incurred in October Ending
wing information to solve Q10-Q14 Step1 Material Conversion Beginning WIP Inventory 1000 Units Started on October 5000 total units 6000 Cost incurred in October Ending Inventory material &40% conversion) (step2) Q10 500 500 5500 Q11 Q12 total ### ### ### COSTS (Step3) Total t in the beginning of October 1307 1113 194 ost incurred during October 36543 22487 14056 al cost to be accounted for ### 23600 Q13 Q14 5.28 per equivalent units (Step4) 3 ne above information is from records of local company that produce battles of water. Using weighted average process costing, calculate the following: 10. in Step 1 (physical flow of units) what is the Ending number of units A) 5500 B) 2000 C) 500 D) 1000 11. In step 2 (Equivalent Units), calculate the equivalent units for Material Cost including of WIP A) 5500 B) 4400 C) 3200 D) 500 12. In step 2 (Equivalent Units), calculate the equivalent units for Conversion Cost including WIP A) 5000 B) 2200 C) 3300 D) 6500 13. In step3 (total production cost),calculate the total cost of conversion (EB+WIP) A) 14,250 B) 16,520 C) 10,000 D) 9,950 14. In step (Cost per equivalent unit), calculate what is cost per equivalent unit in terms of Material cost A) 22 B) 4.82 C) 18.5 D) 2.2 4
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