help Production and cost data for the month of February for Process A of the Pac

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Production and cost data for the month of February for Process A of the Packer manufacturing Company follow: The company uses the weighted-average cost method in its process costing system. Required: Calculate the equivalent units and cost per equivalent unit for February for materials and for conversion costs. (Round your answers to three decimal places.) Determine the cost transferred to finished goods. (Round your intermediate calculations to 3 decimal places and final answers to the nearest dollar amount.) Determine the amount of cost that should be assigned to the ending work in process.

Explanation / Answer

Hi,

Please find the answers as below:

Part A (1)



Material Conversion
Units Transferred to Next Department 22000 22000
Ending WIP


Material (15000*100%) 15000

Conversion (15000*1/3)
5000
Equivalent Units of Production 37000 27000




Part A (2)



Material Conversion
Cost of Beginning WIP 3800 850
Costs Added During the Month 15360 9220
Total Costs 19160 10070
Equivalent Units of Production 38320 20140
Cost Per Unit Equivalent 0.50 0.50








Part C



Material Conversion Total Cost of Units Transferred Out 11000 11000 22000



Part D



Material Conversion Total Cost of EndingWIP 7500 2500 10000

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