The Plastic Flowerpots Company has two manufacturing departments, molding and pa

Question

The Plastic Flowerpots Company has two manufacturing departments, molding and package At the beginning of the month, the molding department has 2,800 units in inventory. 70% complete as to materials. During the month, the molding department started 22,000 units At the end of the month, the molding department had 4,200 units in ending inventory. 80% complete as to materials Units completed in the molding department are transferred into the packaging department Cost information for the molding department for the month follows Using the weighted-average method, compute the moWmg department's (a) equivalent units of production for materials and (b) cost per equivalent unit of production for materials for the month. (Round "cost per equivalent unit of production" to 2 decimal places ) Equivalent units of production Cost per equivalent unit of production

Explanation / Answer

Details % completed Physical Units Equivalent units Already in stock and completed 100% 2800      2,800.00 Started and completed 100% 20600    20,600.00 Total Completed 23,400.00    23,400.00 Ending WIP 80% 4200      3,360.00 Equivalent units of production 27,600.00    26,760.00 Cost of material in the beginning      2,000.00 Cost of material added during the process    35,900.00 Total    37,900.00 Equivalent cost per unit               1.42

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