Weston Products manufactures an industrial cleaning compound that goes through t
ID: 2500839 • Letter: W
Question
Weston Products manufactures an industrial cleaning compound that goes through three processing departments—Grinding, Mixing, and Cooking. All raw materials are introduced at the start of work in the Grinding Department. The Work in Process T-account for the Grinding Department for May is given below:
Completed and transferred to
the Mixing Department
The May 1 work in process inventory consisted of 90,000 pounds with $134,100 in materials cost and $29,700 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, 338,000 pounds were started into production. The May 31 inventory consisted of 76,000 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.
1.
Determine the equivalent units of production for May.
Materials conversion
Equivalent units of production
Determine the costs per equivalent unit for May. (Round your answers to 2 decimal places.)
Materials Conversion
costs per equivalent unit
Determine the cost of the units completed and transferred to the Mixing Department during May.
cost of the units completed and transferred out
Work in Process—Grinding DepartmentExplanation / Answer
1)Units completed and transfered out =beginning WIP +Started units -ending units
= 90000+338000-76000 = 352000 pounds
2)
3)cost of completed and trasfered out = (1.65+ .45 ) * 352000
= 2.1 * 352000
= $ 739200
Material conversion cost Units completed and transfered out (are 100% complete) 352000 352000 Ending WIP 76000 53200 [76000*.70] Equivalent units 428000 405200Related Questions
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