Paxton Corporation uses the weighted-average method in its process costing syste

Question

Paxton Corporation uses the weighted-average method in its process costing system. The Molding Department is the second department in its production process. The data below summarize the department's operations in January. The accounting records indicate that the conversion cost that had been assigned to beginning work in process inventory was $10,973 and a total of $268,107 in conversion costs were incurred in the department during January. The cost per equivalent unit for conversion costs for January in the Molding Department is closest to: $5.348 $4.038 $5.080 $4.704

Explanation / Answer

Molding Department Equivalent Units   $ Flow Of Units Physical Units Conversion Cost Units to be accounted for Beginning work in process inventory 2700 Units started this period 57000 Total u nits to be accounted for 59700 Units accounnted for: Completed and transferred out (b) 50300 50300 Ending work in progress inventory (c) 9400 1880 Total units to be accounted for (f) 59700 52180 Flow of Cost Cost in the begnning work in progress inventory 10973 10973 Cost incurred 268107 268107 Total Cost to be accounted for (e) 279080 279080 Cost per equivalent unit (a)-   (e/f)$ 5.348 $5.348 Ans

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.