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

Question

The following information is available for Department C for the month of June Units ork in process, June 1 (70% complete) 10,000 S 36 18 24 t materials t labor anufacturing overhead otal work in process, June 1 Started in production during June 40,000 s added: t materials $108 48 t labor anufacturing overhead otal costs added during June Work in process, June 30 (80% complete) 4,000 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 $23,760 $21,312 $16,992 none of the above

Explanation / Answer

Beginning work in process 10,000 Completed & Transferred 46,000 units started during the year 40,000 ending work in process 4,000 units to be accounted 50,000 units accounted for 50,000 Equivalent units of production Materials CC Completed & Transferred 46,000 100% 46,000 100% 46000 ending work in process 4,000 100% 4,000 80% 3,200 Equivalent units of production 50,000 49200 cost per unit Materials CC total beginning work in process 36,000 42000 78,000 cost added during the year 108,000 108600 216,600 total cost 144,000 150600 294,600 equivalent units 50,000 49,200 cost per unit 2.88 3.06 cost of ending work in process Materials 4000*2.88= 11520 conversion 3200*3.06= 9792 cost of ending work in process 21312 answer

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