Brady Products manufactures a silicone paste wax that goes through three process
ID: 2486170 • Letter: B
Question
Brady Products manufactures a silicone paste wax that goes through three processing departments— Cracking, Blending, and Packing. All raw materials are introduced at the start of work in the Cracking Department. The Work in Process T-account for the Cracking Department for a recent month is given below:
Completed and transferred to
the Blending Department
The May 1 work in process inventory consisted of 131,000 pounds with $221,390 in materials cost and $153,270 in conversion cost. The May 1 work in process inventory was 100% complete with respect to materials and 80% complete with respect to conversion. During May, 305,000 pounds were started into production. The May 31 inventory consisted of 88,000 pounds that were 100% complete with respect to materials and 70% complete with respect to conversion. The company uses the weighted-average method to account for units and costs.
Determine the costs per equivalent unit for May. (Round your answers to 2 decimal places. Omit the "$" sign in your response.)
Determine the cost of the units completed and transferred to the Blending Department during May.(Omit the "$" sign in your response.)
- FIND THE ANSWERS FOR THE BOLDED ONES.
Brady Products manufactures a silicone paste wax that goes through three processing departments— Cracking, Blending, and Packing. All raw materials are introduced at the start of work in the Cracking Department. The Work in Process T-account for the Cracking Department for a recent month is given below:
Explanation / Answer
Beginning WIP
131,000
Completed during the year
348,000
Started during the year
305,000
Ending WIP
88,000
Total units to be accounted
436,000
Total units accounted for
436,000
Equivalent units
Physical units
Materials
Conversion
Completed
348,000
348,000
348,000
Ending WIP
88,000
88,000
61,600
Equivalent units
436,000
436,000
409,600
(2) Cost per equivalent units
total
Material
Conversion
Beginning cost
374,660
221,390
153,270
Added during the year
960,324
585,210
375,114
Total cost
1,334,984
806,600
528,384
Cost per unit
1.85 per unit
1.29 per unit
(3) Cost of units completed and transferred out
Materials
Conversion
total
Cost
348,000*1.85
=$643,800
348,000*1.29
=$448,920
$1,092,720
Beginning WIP
131,000
Completed during the year
348,000
Started during the year
305,000
Ending WIP
88,000
Total units to be accounted
436,000
Total units accounted for
436,000
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