(TCO F) Carter Corporation uses the weighted-average method in its process costi
ID: 2387885 • Letter: #
Question
(TCO F) Carter Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below:Work in process, beginning: Units in beginning work in process inventory 400
Materials costs $6,900
Conversion costs $2,500
Percent complete for materials 80%
Percent complete for conversion 15%
Units started into production during the month 6,000
Units transferred to the next department during the month 5,800
Materials costs added during the month $112,500
Conversion costs added during the month $210,300
Ending work in process:
Units in ending work in process inventory 1,400
Percent complete for materials 70%
Percent complete for conversion 40%
Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department
Explanation / Answer
Total whole units
% material addedd
Equivalent units
Inventory in process
400
80%
320
Units started and completed
4800
100%
4800
Completed and transfered
5200
5120
Inventory inprocees-end
1200
75%
900
Equivalent units
Equivalent units for direct material
6020
Total whole units
% material addedd
Equivalent units
Inventory in process
400
80%
320
Units started and completed
4800
100%
4800
Completed and transfered
5200
5120
Inventory inprocees-end
1200
75%
900
Equivalent units
Equivalent units for direct material
6020
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