Barker Inc. uses the weighted-average method in its process costing system. The

Question

Barker Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for recent month. Required: Using the weighted-average method: a. Determine the equivalent units of production for materials and conversion costs. b. Determine the cost per equivalent unit for materials and conversion costs. c. Determine the cost of units transferred out of the department during the month. d. Determine the cost of ending work in process inventory in the department.

Explanation / Answer

a equivalent units

b. Cost per equivalent units

C. Cost of units transferred out=36.80×15600=$574080

d. Cost of ending work in process

Material conversion cost Completed and transferred out 15600 15600 Ending work in process 200 200 % completed 50% 90% Equivalent units of ending work in process 100 180 Total equivalent units 15700 15780

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