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Wool Tailers is a manufacturer of wool cloth. The company is using weighted average method. The information for March is as follows: Direct Material $12,000

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Wool Tailers is a manufacturer of wool cloth. The company is using weighted average method. The information for March is as follows: Direct Material $12,000 Conversion Costs $5,200 Beginning Work in Process Started Units Completed Units Ending Work in Process Total Cost added during Physical units 20,000 units 40,000 units 50,000 units ? $60,000 $34,000 Degree of completion for ending work in process: direct materials, 100%; conversion costs, 60%. Required: 1- Compute the physical units (20 marks) 2- Compute the equivalent units (10 marks) 3- Compute the total cost to account for ( 20 marks) 4. Compute the cost per equivalent units ( 20 marks ) 5. Assign the cost to completed units and ending work in process ( 10 marks )

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