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Woodshed Incorporated produces toothpicks and uses the weighted - average method of process costing. Woodshed tracks production costs on a weekly basis. Direct materials are
Woodshed Incorporated produces toothpicks and uses the weightedaverage method of process costing. Woodshed tracks production costs on a weekly basis. Direct materials are all added at the beginning of production and conversion costs are incurred uniformly during production.
In Week Woodshed Incorporated had units in beginning workinprocess and began production on another units. Woodshed Incorporated completed units during Week Ending workinprocess units were percent complete with respect to conversion costs.
Woodshed Incorporated incurred $ of direct materials costs and $ of conversion costs in Week for Week s beginning workinprocess units. Woodshed Incorporated incurred an additional $ in direct materials costs and $ in conversion costs in Week
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tableQuestionAnswera What are the equivalent units of production for conversion costs in Week tableb What is Week s total production cost per equivalent unit? Note: Do not roundintermediate calculations. Round your answer to decimals.tablec What are the total costs transferred out of production? Note: Do not round yourintermediate calculations. Round your final answer to decimals.tablec What is the total cost of ending workinprocess inventory? Note: Do not roundyour intermediate calculations. Round your final answer to decimals.
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