The following information is available for Department C for the month of June: M

Question

The following information is available for Department C for the month of June:

Materials are added at the beginning of the process. Round unit costs to two decimal places.

The cost of ending work in process using the weighted average method is

Units Cost Work in process, June 1 (70% complete) 10,000 Direct materials $ 36,000 Direct labor 18,000 Manufacturing overhead 24,000 Total work in process, June 1 $78,000 Started in production during June 40,000 Costs added: Direct materials $108,000 Direct labor 48,000 Manufacturing overhead 60,600 Total costs added during June $216,600 Work in process, June 30 (80% complete) 4,000

Explanation / Answer

Materials Conversion costs Units transferred 46000 46000 Work in process, June 30 4000 3200 Equivalent units 50000 49200 Total costs 144000 150600 Cost per equivalent unit 2.88 3.06 Cost of ending work in process=(4000*2.88)+(3200*3.06)= $21312

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